=> The recovery here on the lower timeframe looks corrective and counter-trend by nature. => Rates will keep equities under pressure and in terms of levels to track from the ABC sense will target 2859 as the 76.4% retrace. => This will be an important level to track as we can start to see signs of momentum for risk appetite fading away and will indicate that the top is in for the current cycle. => Keep a close eye on US equities here ...