The next event is the Fed signals for interest rate moves for the Fed meeting in July and the Jackson Hole Symposium. Also to watch is the reopening of the economy, end of the lockdown, and if people return to work, as well as ongoing stimulus.
Right now, prices appear to be channeling, and can go either way. I'm going to wait for the next dip, and then allocate into small caps.
Given that interest rates will remain zero until 2023, and low, for the next three years, small caps will be a great investment. So I will wait for the next dip.