Absolutely and trader positioning shows that retail are piling...

Absolutely and trader positioning shows that retail are piling into the shorts (in the last 6 weeks) in the face of a massive uptrend and big boys taking the long side. Look at the chart below...why would you be so stupid to short that without confirmation of lower highs , lower lows.

While I get that economic fundamentals are slowing in the US and valuations are stretched, I feel the final piece of the puzzle is retail positioning and they need to be blindsided for the market to flip.