I have feeling that we might break out of this triangle in the next month and bulls will take the hold.
I have seen that short term wise this market is driven by emotion and sentiments. There is FOMO building up and hopefully it should bubble up by mid June
Market psychology is a key ingredient to keep an eye on. The more I see everyone saying the same thing, the more likely I am to take the contrary position, and most assuredly to double check my own psychology on the matter!
It think I was reading this quote by Mark Twain. I don't remember the exact words but it was something like - If you find yourself at the side if the majority then it is time to re-examine your position. I find it true and applicable in a lot of scenarios.
Sorry, I forgot to thank you before for sharing your analysis - Thanks!