Last week the markets continued their counter-trend advance towards what historically has been a Sell Zone within a downtrend.
Our sentiment market internal gauge has not confirmed that the wrong-way option traders have committed to this advance yet. The fact that there not could suggest a higher market still.
Markets could pull back without them being fully committed, but we would like to see them becoming more bullish to an extreme to give us a more reliable reversal signal.
Sorry, this content is for members only.
Already a member? Login below…