The bullish sentiment is at 96% according to www.sentimenttiming.com/free/ That is short term bearish and the SPX hit the top of a potential expanding triangle. Short term drop to 1990-1970 would fit the price profile best-as the bulls still have the seasonality on their side.
After the quick expected drop to the target zone-Santa Rally should kick in and levitate the SPX again-into 2015. 2014 started off real bad and seeing that style tape would not be a suprise. But very choppy tape into spring. But with sentiment at such high levels-a drop should be pending. www.sentimenttiming.com/free/ is the source of the investor sentiment reading. Good luck
After the quick expected drop to the target zone-Santa Rally should kick in and levitate the SPX again-into 2015. 2014 started off real bad and seeing that style tape would not be a suprise. But very choppy tape into spring. But with sentiment at such high levels-a drop should be pending. www.sentimenttiming.com/free/ is the source of the investor sentiment reading. Good luck
