The current market problem is that, imo, All Ords(XAO) chart is too steep. It is more than 45 degrees upwards shape.
No one can not be sustainable on more than 45 degrees steep mountain hiking. We need some sort of retreat or pause for next advance. In this regard, retreat is healthy sign for the market.
As long as XAO are manouvering over 20 SMA so called "Life Line", in the market is safe bet, imo.
