The retracement over the last couple of days was too hard, 23.5% from yesterdays high!!! At this rate, the SP may test 0.060. Despite the pull back, the last couple of days show green candles on the Heiken-Ashi chart. Also, the MACD group of indicators, all up and above zero line, including slower long term MACD (19, 39, 9). A good thing. Lastly, the SP is no longer overbought. All is still good imo.
The retracement over the last couple of days was too hard, 23.5%...
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