Just about to head to the airport for a couple of weeks off. But...

Just about to head to the airport for a couple of weeks off.

But in a nutshell, from your chart it looks like the recent gains are being consolidated, and the trading has moved into a range.
This will also serv to flip out some of the short term traders, who may sell into a continuing rally and make the going more difficult, as upside momentum is lost.
Yes, your lines make sense & I agree.

cheers and see ya in a couple of weeks.