Don't you know promises were never meant to keep?
Just like the night, they dissolve off into sleep
--Rolling Stones
Wanted to record that Jason's sentiment indicators are getting pretty stretched toward bullish extremes--both near term and long term.
When sentiment gets lopsided, then a trend reversal often approaches.
Couple that with Demark indicators at or near trend exhaustion levels on multiple timeframes, and it seems time to get cautious.
Personally, I added a bit to my index short positions today.
position in SPX
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There is only one side of the market and it is not the bull side or the bear side, but the right side.
~Jesse Livermore
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