Zeev in the bear suit? I agree. I thought we would roll over a couple of weeks ago, but it looks like it may be happening now. The market needs it imo.
Still in that suit, though surprised that major excursions into excessive optimism did not accompany the run above 2200. The advisors are approaching such an extreme near 60% bullish, though, market cannot make major advances in face of such uniform optimism in that group, don't you think so? Short term, however, a lot of the overbought pressures have been relieved (see the precipitous drop in RSI, for instance), so a rally from the $2130/70 area is quite poassible.
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