Replies to post #114133 on Zeev's Turnips Patch-No Politics (ZEEV)

[leptokurtosiss]

OJ,

If SPX is coiling in the retrenchment trading range (currently @50% short-term retrenchment), wouldn't you suspect that it's susceptible to retreat further down before heading back higher ?

IMHO, from this morning low to current high looks corrective, comparing to the late afternoon yesterday's whoosh.

Thanks and regards,

Lepto