EDV has done well since the S&P cooled off at the beginning of the year. The two have a predictably negative correlation, however, even though the S&P has been doing relatively well since mid-February, a weak pennant has formed in EDV and there are signs of a positive breakout.
1. If breakout, buy with stop. If breakout confirmed, buy more.
2. If dips, wait until lower trend line (support) is hit. If support holds, buy this dip with stop and hold (if worked) until upper trend line (resistance) is hit then go back to 1.
If aggressive, can short dip, short broken support.