Expect an up day tomorrow, not very sure though.
2 comprehensive indicators are arguing for a short-term pullback soon。
|Trend||Momentum||Comments - Sample for using the trend table.|
|My Emotion||No idea||Neither believe this bull nor want to be a hero to short against it.|
As mentioned in today’s After Bell Quick Summary, because CPCI > 1.55 so good chances a green close tomorrow. Below is the correct chart after the data error being fixed.
However, because 2 comprehensive indicators from www.sentimentrader.com are very extreme now, so I’m not very sure if we’ll see a green close tomorrow, or if we do have a green close tomorrow, it’s high likely we’ll see a pullback the day after tomorrow. Overall, my guess is that a new high is possible, just the uptrend could be in a late stage now, expect roller coaster ahead.
Smart Monday / Dumb Money Confidence, dumb money confidence is too high. The last time this high was Aug 5, the marked had a pullback thereafter. Check red vertical lines for the other times when the dumb money confidence was extremely high.
Indicators at Extremes, this combines all the indicators on www.sentimentrader.com together, whenever the spread between the total number of bullish signals and the total number of bearish signals became very large (see blue curves at bottom), a pullback always happened.