wahz: I've identified a series of preliminary retrace targets on the charts I posted yesterday. The prelimianary targets assume the pivot highs were put in place on Friday, that "may" change on Monday, we shall see. I think it likely we'll get at least a 50 to 61.8% retrace depending on the Indices, but I'll let the market tell me as it happens.
I'll do what I always do. I'll watch my intra day models as the price action approaches the various possible support points for over sold conditions.