You identified a nice wedge. Good job. I am in cash now, thinking/betting it will be going lower, but it could go either way.
One thing the chart pattern does not include is the seasonality. The first quarter earnings reporting season is about 1/2 over, and the needle has not moved either way, ...and the typical summer slowdown is in front of us.
The StormGuard Armor indicator continues its drift to zero, and may be negative when it updates at the end of the month (it tracks daily, but triggers at month end increments).
If in the coming months we get a spike down (-15% or greater), I will jump in and hope for a quick rebound. Otherwise, I may be out for a while waiting for this market to make up its mind which way it is going.
GLTY
