I have been saying this for months that if you flip a sentiment index measurement, the retail bears have been patiently being hammered.
Look at it to when I first posted this months ago. That bearish top picking is still 6-1, 6 bears with short open position to 1 bull positioning. The SP500 will break the top, I don't know when. As I am not in the habit to pulling rabbits from a hat, I can only look for reflective evidence. Do you still see a US market crash? Maybe these retail folks have been watching too much Hollywood specials like The Big Short?
But there you go, it is what it is. I don't have an opinion of market crash or Judeo Christian God intervention. But I can see a lot of these bears suddenly believing in God especially if Soros is one of them
