tomorrow is another day closer to US Thanksgiving. Come on guys,,, figure it out, today is the last trading day for the month in the US. So, traders with huge gains on POETF/PTK were stepping out of the market to enjoy the long weekend in the USA.
This retrace was good for the SP and its next leg up.
MM's were probably way off side from ALL the recent buying, thus needed to correct the situation before month's end.
GL!