Wednesday, January 13, 2021

One last push, or a downside break?

Mid-week market update: I have been warning about the extended nature of this stock market for several weeks. The latest II sentiment update shows more of the same. Bullish sentiment has come off the boil, but readings are reminiscent of the conditions seen during the melt-up top that ended in early 2018.

The market can correct at any time, but I also have to allow for the possibility of one last bullish push to fresh highs. Here is what I am watching.

The full post can be found here.

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