Baked Abby! What an excellent idea to top off a great meal.
Not to worry now. I'm thinking along the same lines as Onischka (#7856 NDX E-Wave update: ) that we'll get a move similar to the mid-April and late-May activity on your chart where the 10-day dips close to the 20-day, then we take off again.
If he's right with his 2-3 day soft forecast, we take wing after Honorary Sir Al's Wednesday announcement.
It's possible we'll then trace the same pattern as on your chart from mid-April to now in about the same time frame. If that happens, late August would be a good time for shorts and puts.
I'm a long-only player, because I don't feel comfortable with the negative psychological vibes I get from shorts and puts, so I'll just go to cash. I know that locks me out of half the market's profit opportunities, but half a loaf is better than none at all.