The markets feel frothy.
They have been on an epic run.
Despite COVID, Trump etc.
My scans this weekend didn’t throw up any new longs.
The 1st time in quite a while.
The below chart from McClellan was in this weeks rotation report.
Shows us that historically we’re likely in for a few months of chop.
Before hitting some kind of pivotal lows in late summer.
Then Q4 seasonality is likely to kick in.
No one knows.
But historical charts can help you.
In making sure you have a plan for that scenario.