So I got fed up with the market and took a bit of a break from it all. I still market valuations are too high and a bit of disconnect is arising between the upward trajectory of the market with the Fed's balance sheet. All of this foreshadows a market correction, or as I like to call it, a healthy retracement. Small opportunities have appeared since this most recent move downwards and it has provided us with a little insight as to where this might be headed. The first opportunity I will direct your attention towards is Biotechnology ETF XBI. We remain in a very strong upward channel however after the recent turn a possible declining wedge has appeared. Please watch this as the pattern fits nicely with the lower channel support line. It may be that this "correction" goes no further and continues it's march upwards, but 30% it doesn't follow the wedge and breaks down. Easy stops and starts can be identified to guard against possible further deterioration but in the near term weakness should continue.