Market Update.

So far, the IWM top call has still been the correct call and I am still not deviating from that long term call. IWM Top Called Within .36 of the Top.  It is possible we have put in a bottom here on IWM. I am continuing to play it like we have not bottomed. I still anticipate a late June/Early July low. Late June Cycle Low.

Here is my thinking.We did not hit the area on the Williams indicator where sells like this usually bottom. We would not want to see a strong weekly move above the blue line on this chart, however: 

The next chart shows that all we have done so far is backtest the breakdown on small caps and again we have not hit the indicator level that we usually hit for such bottoms:

From a large cap standpoint, the DIA ETF shows the three likliest possibilities that I have at present for near term:

I am going to continue to just update the blog on a couple a month basis when I feel there is something interesting in the markets. I have enjoyed not regularly blogging.  

There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.

Peace, Om,

SoulJester