If we are in a seasonal/cyclical world, which we are, we should be consolidating further throughout the summer. Based on the cycle alone, September should be the break out.
That being said, we may have to dodge an equity SLV/GLD ETF liquidation.
The past 6 weeks have been like a fart; you smell the shit for a while than it airs out. Some farts linger around more than others. We are still in the aftermath of a bad fart. Could August/September be when we open the window and let the fart out to the upside?
More to come later, I'm exhausted.