#Sentiment Review $SPX

Sentiment

The old American idiom of a day late and dollar short is an phrase easily applied to majority's ability to time (buy or sell) US stocks. The majority, influenced more by instinctual behavioral tendency of the individual to seek acceptance of an emotionally-driven crowd than act independently in the minority, views rising and falling stocks prices as bullish and bearish. This tendency that drives them chase when probabilities favor fading relegates the majority as the consistent bagholders of history's panics and trend changes.

“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”, John Templeton

Subscriber Comments

Sentiment Model has flipped (Line 54 Trends, Matrix). Disagreement of phase in the sentiment and VIX model defines consolidation. Subscribers should be watching the VIX model for a flip. It's harder to flip the VIX model, but it's never wise to trade against it.

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