SP500 Cycle Low Has Bearish Sentiment Support
The chart below reviews SP500 cycles with AAII bearish sentiment. Too many bears on the wrong side of the boat can lead to a spark to send the SP500 to new all time highs. It could be investors have bet on a deep recession 12 months to soon! Deep bear market sell offs start when bears are not awake, and that is not now! This implies a possible SP500 rally to all time highs to shake out some of these weak bears, and the real sell off happens once this done, say 2024.
Will the SP500 cycle win again?
Another sentiment tool saying every one is too bearish too soon.
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