However in my opinion new heavy short positions are in, thus pushing the markets even higher. This will continue until there will be a general feeling of greed everywhere, meaning heavy long positions and the believe markets will continue rising till the sky. Or in the case there is unexpected seriously negative economic data, in which case we can see a flash crash. Or after the US elections, in which case we may see a new ''the big short''...
Levels to watch:
10700 must break to continue .
11300-11650 Final greed zone where the sentiment has turned into extreme , be prepared if this zone has been reached in October/November this year.