The pessimism was good enough for a 140 point COMP run from the last bottom, imo...now it will depend on how bullish they get as we hover about support. I think now just watch support at around 2300 COMP...either it breaks or it doesn't right?
If I was to guess, I'd say it'll break...but also week before options is often down, and I think this year there's some pretty good tax selling, so we'll see...the good thing is, we just have to watch...
I do think that we haven't seen the top of this cyclical bull yet in the S&P or the NAZ. So any correction, will just set up a buying opp imo.
Cheers, LG...
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