|SP 500 Review|
US stocks are declining, but the computer is saying optimism is crashing. The Matrix reports various aspects of sentiment from line 54 to line 63, column AH. And, let's not forget confidence line 103. The first two measures, line 54 and 63 represent short- to intermediate-term measures of confidence, while line 103 is longer term and the driver of markets. With that said, if you're standing with the majority, whom is now turning pessimistic/bearish, you're likely on the wrong side of the trade because they're horrible at timing. How pessimistic with things get before stocks bottom? We'll see. Computer has flagged a turning point in May, so find your reversals and watch the majority get it wrong.
S&P 500 Alignment
Alignment of US stocks since 1950
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