This is true but there appears on indication that most are...

This is true but there appears on indication that most are ignoring.. Moving averages crossed over to the downside suggest taking large long positions right now as unwise. Let's not forget most things are going ex div shortly also. Whilst Martis is a bit wonky with his drawings forward thinking and moving averages might suggest he is at least for now slightly ahead in logic. Looking at the spx and Dow it's hard to see how anything past a short term bull run could ensue from here failing qe4.