Sunday, April 23, 2017

Coming Down From Nosebleed Levels: “Now We Have A Bad Setup”

SentimenTrader continues:  “All of the surveys we follow except AAII had reached well into excessive optimism and have started to pull back. That is always taken to be a good sign in the media, but it’s not. Bulls should want to see rising optimism, as long as it’s not extreme. At the moment we labor under a dreadful setup , optimism that was extreme furthermore is at the present declining.