The market can stay irrational longer than... The thing is - I was also expecting a reversal down by end of last week, but when I ran my numbers over the weekend, I got a different result indicating UP for this week. That happened. I also defined a 'sell off' today as making new lows on the day and I stand by that call. This is merely a retracement at this point. It is unlikely that we trade below 05,50 by the close and as long as we stay above 05,50, it's unlikely we close below 08 for today (16:00). It could of course be one of those statistical outliers, but I'm betting it's not...