the VIX making 6 year lows, and the smart money still short, we are cautious about chasing this rally. Instead we have identified key price levels that will warn us to get out of the way, if the market is again crash
actually anyone who has been short over the last couple months is a #$%$..this is a very bad time to be short as the market keeps moving to new highs. There is a ton of money on the sidelines still coming in. This rally will not end soon. Pullbacks maybe, significant pullbacks not likely. Continue to buy on any pullbacks. Shorts will continue to get their beating in the woodshed.
Sentiment: Strong Sell
This is called mom and pop that missed the original rally, all market tops experience this. All on lower volume, from the start of the rally in 09... Also the biggest head and shoulders formed in the history of this market, it will follow through when the neck line breaks... Drink the kool aid..