The 76.4% retracement of the 0.9849/0.5997 decline which unfolded during the summer/fall of 2008 comes in just above the market today at 0.8940. This might be a good spot to take a few chips off the table if lucky enough to be long, and looking for a retracement to get back in and improve the average. A notable RSI divergence is one more argument for taking partial profits.
DO NOT look to set shorts against that level. Don’t fade strong trends..
