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
There is only one side of the market and it is not the bull side or the bear side, but the right side.
ReplyDelete~Jesse Livermore