"The weekly AAII sentiment survey hit 51.2% bullish, the highest mark this year. Bearish sentiment was 21.6%, the lowest mark this year. The bull-bear spread was 29.6%, the highest since October 11, 2007."
Then perhaps it's not surprising that the SPX weekly has some similarities.
Both now and 11/10/2007 have the market touching the BB upper line and supertrend line and similar RSI readings and 8 bars up after a low.
"The weekly AAII sentiment survey hit 51.2% bullish, the highest...
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Last
7,720.8 |
Change
40.200(0.52%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,680.6 | 7,738.2 | 7,643.3 |
| XJO (ASX) Chart |