Started with 2014/02/18, the cycles of software industry become more and more obvious: the cycle period is around 11 months.
From the figure, next drawdown may start at 2020/06. We can hold long positions of software/cloud stocks or ETFs before that.
The Software Sector is near a decision point.
Watch the Flag level next week. A close below that could take $IGV down to the long-term Shield trendline. A close above last week's high targets new all-time highs in IGV.