That is really putting the finger on what we need to finally see for a trend reversal---we must bust below the 50retrace to break that uptrend pattern. Once AGAIN a decision point. The moment we have that pattern broken i will say trend reversal, meaning we will enter lower lows and lower highs, for a very very long time(months). Trend reversal can't be declared until the pattern you are displaying is broken.gd
Just one more thing, i thought of a tennis analogy to trend reversal, let's put it this way since mid march the Bull has held Serve, the Bear must break the Bull's Serve:) gd