Subdued Sentiment

Despite the S&P within spitting distance of the all time highs sentiment isn’t really very close to the kind of excessive levels that usually occur at intermediate tops.

Despite the S&P within spitting distance of the all time highs sentiment isn’t really very close to the kind of excessive levels that usually occur at intermediate tops. This could be the set up for the market to breakout and run for a bit right when everyone is thinking “double top”.

I’ll look at sentiment levels in the weekend report.

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