Technically speaking, nothing suggest a deep correction as of today: volume is decreasing on fall, both oscillators are above their latests' lows. However, we have made quite a gain from last low and the market seems to be unsure of future direction.
US market has lost significantly over a last couple of days (here or here):
The US market might be some clue, however we are not making any prophecies here. We have to simply wait for proper market actions and remember the current uptrend has not been negated yet.
General Motor is preparing for probable bankruptcy filing by June 1 (here).
Sources:
[http://www.marketwatch.com/story/us-stock-futures-lean-higher-before-data-wave]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=a8ohmbRCnrLY]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aFuILYrqujRs]
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