"The market is far from done. It was overcooked and this is a...

"The market is far from done. It was overcooked and this is a natural pullback at the 61.8%."

IMHO, it wasn't a natural pullback. It was caused by the FED chairman (Jerome Powel) saying bad things about the economy (and the virus) - which they usually don't do. They usually talk about QE and stimulus.

Also, the behaviour of the US market last night was orderly. It had no whipsaws or massive price drops which usually happens when the market falls by that much and is driven by fear. i.e. someone was ramping it down! Also, what happened to the ppt? There was no attempt by the ppt to change the trajectory of the market and it closed on its low.

If the fed banksters are behind the pullback then you can expect they have a big pullback planned along with a capitulation.

Caution is warranted!