Good morning,
Although market has continued a bit further, right to weekly pivot resistance 1, now it shows clear signs of weakness on 1-4 hour time frames. So, retracement probably will come today-tomorrow:

[media]http://www.youtube.com/watch?v=_Vo2EW14A9E[/media]

The technical portion of Sive’s analysis owes a great deal to Joe DiNapoli’s methods, and uses a number of Joe’s proprietary indicators. Please note that Sive’s analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.