Nice chart ospreyeye. Do you do any Elliott Wave analysis? I have been learning about Elliott wave lately as I know some investors who use it with great success.
To me it looks like we are in the 4th of 5 waves. The 4th wave is a wave that is down from the peak of the 3rd wave somewhat and can go on sideways for a while until the strong 5th wave goes up again above where the top of the 3rd wave which was .50
Of course this could also be a slight break in a wave 3 up as well.