Vanguard Russell 1000 Growth ETF - Macro lower high

On the above 2-week chart the Vanguard Russell 1000 Growth ETF has enjoyed a 40% upside move since the year began. A number of reasons now exist to exit long positions. The include:

1) Price action support breakout. Look left. On each occasion price action support failed the fund made a considerable correction.

2) The 2-week bearish engulfing candle. As with previous failed supports they were preceded with a trend reversal candle, typical bearish engulfing as has now printed.

3) The bearish rising wedge + breakout.

4) The Macro ‘lower high’. It is the first lower high to print in the fund’s history on this time scale. This is a epic macro trend reversal indication.

5) Questions will be raised on the green line. It is not moving average but rather the golden ratio multiplier. Previously it has acted as support. While a bounce should be expected at this level, something different might be expected this time round. There is is mounting evidence to suggest 'Index fund' investing is dead for the next 15-20 years.

Is it possible price action continues up? Sure.
Is it probable? No.

Exit @ 72 if possible.

Ww