I spent some time on the Commodities Countdown webinar discussing the second half of the year. Currently, there are four growth-related ETF charts that are set up to break out. Should that happen, that would be a significant trend change. One example is the Social ETF (SOCL).
Today it tied the previous high. A breakout on this ETF would be a significant trend change. The SCTR is at 91. The relative strength is at new 2 year highs and the MACD is accelerating. The volume is still low which is a concern.