Current trend hasn't completed just yet but we're crested on a 3rd confirmation for lateral move. A few things on trends I'm watching for is our recent higher low and hopefully a higher high to confirm bull run. We're not there just yet from a trend perspective. Denial at the resistance could very well send us back to 5800 or to test yet another lower low nearing 5000 range. Should we break above this line FIBs indicate 7700 resistance or a whole new trend entirely. As some of us have noted it appears to be an inverted H&S. I wouldn't deny that and it looks to be the strongest pattern when we add in the the higher low and the pause we're in. But given the current sentiment, low volume, general social media behavior my observation is people are near a neutral state. This might keep us stagnant while waiting for any ETF news coming Aug 10th. Really this says it might go up or down. Not helpfull to some of us I know. It's just some observed patterns and trends to watch for based off of where we've been. I'm personally setting in my position in hopes of a break out and setting all stops within reason.