The market has hit almost the 61.8 retracement level from this rally's low in December. I was expecting it to bounce off the 50 around 900. In any case, if we breach the 889 in a meaningful way consider this past weeks analysis dribble.
I do like how the Yen is rallying right back to the break today (see lower post). It has relieved the oversold pressure that was present a few days ago in very short order. I think it will roll over again next week.
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