My idea today is that this retracement may have more legs to it. Based on some confluence factors around a possible 50% Retrace Support Holding from the two previous apposing swings as illustrated. There are also multiple time and price elements ( Some not shown ) on the chart supporting this view including my experimental TIK fork together with a traditional Schiff nailing the beautifully. There are also higher bottoms indicating the bears are losing the battle.
Let's see how this unfolds