SPQ chart, page-2367

Visible trend-line developing, a rejection off said trend-line confirms a continuation of that trend (2 points of conformation so far, 3rd developing currently). However, SPQ is playing nicely off the fibs. As with all re-rates, even small ones, price will retrace.

If volume decreases over the coming days, a reversal to the BLUE 0.5-0.618 fib zone could be a potential. This is a good scenario, maybe not as good as blazing through the trend-line, and gapping the 0.382-0.5 RED fib (resistance), but it provides confidence in levels, as the blue fib rests on 3.1c-3.2c, a developing bottom... Each retrace provides the POC with a greater level of future support.

Market retraces are healthy, this is no cause of concern! Considering we have no news to propel us (yet), a slow down in volume should be expected.