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The Most Important Bearish Divergence is still intact, but Respect the Current Upward Trend.

I have not had much time to trade and probably won’t until August when the move is over. Just paying attention to what is going on and trying not to make a hasty trade.

The hourly chart really sums it up. The market is deciding what it is going to do next. Generally the first week of July is very bullish. I always look to go long around that time. However, that does not mean the market will be up until then. The market is currently a bit indecisive on what it wants to do.

The NHNL and capitalized NHNL broke their bearish divergences, but are sitting fairly neutral

The rolling 52-week NHNL is still showing its bearish divergence. A healthy pull back is likely coming soon.