There is nothing bearish about this market and, from a contrarian point of view, that’s a concern.
Our objective approach will continue to follow the trend in multiple time frames until that changes.
Our sentiment market internal gauge is in nosebleed territory, which is an objective concern about the sustainability of the recent move up.
Common sense tells us that historically the further prices move up without even a minor retracement, the greater the probability of a larger correction.
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