The ACC has recovered well over 3985 points, a few points in the 50% retracement of the entire impulse born Jan. 10 on 3800 points. This retracement now appears to be the dominant factor technique .
To try to understand the result of the movement, here is a parallel between the ACC and the ACC in 2007 today.
ACC in 2007
ACC today "s 
Important Clarification: these two graphs, MM long (not shown) are on the rise, indicating an upward cycle.
Commonalities : slow rise, sharp drop, gap.
Following the scenario: I let you go to the ACC in early 2007! ;). It is a working hypothesis that seems plausible.
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