Well, a lot of people dont want to risk with the etf decision, they are bagging the profits early, as we had a good run up until now. I personally think that we wont have an etf approval at this time.
We won't have any ETFs yet, but eventually, the day will come when we see an approval. I think this may be a bear trap, as long as the $7xxx range holds. If we go back to $6k I'd say chances are we may sink as low as $4k - $5k.