I agree it is going to be a more difficult second half- IMO the risk is starting to outweigh the rewards and a reduction in equity exposure is probably called for. The ASX small and microcaps have been lacklustre and more recently mixed - can't get too excited with some recovery because it is unlikely to sustain and CR for some is around the corner.
In the absence of announcements ahead of 4C due shortly, some pundits rely on charts but at the end of the day, the charts reflect stock sentiment and sentiment can change course quickly; stock outlook (with or without announcements) will be a more sustainable indicator of sp direction. And for a lot of tech microcaps, not much is likely to change in the immediate quarters which can place some pressure on sp in the month ahead. Read between the lines when the 4Cs do come out!
At this point with uncertainty around global trade tensions, the falling China market and rising global interest rate outlook, it is best to err on the conservative side. Buying into 'one trick pony' exuberance on promising market announcements (without tangible concrete revenue ramifications) is IMO a sure way of losing money. Take care!
