~snip~
Your post is more on speculation. Well based on what i see you are seeing a little bit more dump in the market. But, in the chart clearly pass the downtrend and now we are in good uptrend waiting only this approach in etf if it will be successful or being rejected by SEC.
This must be disclaimed as prediction. Nobody knows what is happening in the market and how it will behave very next moment. There are hundreds and thousands of investors throughout the world so one man cant perceive the ideas of every other investor. Thus such assumptions must be declared as assumptions and need to be out just claimed as guesses.