The two hour chart does a good job of showing the market stuck in a range for the last month. The last few times the market has done this, it normally does not last more than a few months at most.
The NHNL and Capitalized NHNL are both negative.
So is the 52-week NHNL. This is the one to pay attention to the most.
I have gone conservative for now. IF a pull back is to happen, it will set up a very nice end of the year. At the moment, we are just sitting in a range while the market consolidates and decides what to do.
