There is no doubt we are in the consolidation period. Take a look at the daily SPY chart below:
Look at the boxed area (light green shaded), price is trading in a range with today price sitting on the middle line of the Andrew Fork pattern. In other words, the trend is still up because the Andrew Fork line is pointing up.
Giving my own analysis, I’m now 95% invested.
Currently, I’m holding AMRN, LRAD, USU, GLOG, SZYM, WG, EMAN, URA, DNN, CCJ, CRIS, WPRT, CLDX, & PACB.