ajtj99,
You had lots of believers yesterday, seems that many have lost the faith today. Seems to be a strong possiblity that this rally doesn't start as soon as expected, but IMO, the longer it takes to start, the stronger and faster it will be.
Also, I respect Donald Sew's system, but it hasn't performed well in this bull market. Yesterday you rendered a possible scenario for delta hedging in July away from Max Pain. I don't know if it happends this month or not, but I suspect it is going to take such an occurrance to get this rally kickstarted.