S&P 500

Our market has been falling in ignorance of US stocks but it might just be leading the next move lower in Equities. At 78% bulls recorded on the Daily Sentiment index at the 70.7% retracement mark this is ominous. The US rally has been blamed on the FED and Trump talk but both are done and dusted reasons. So far it is talk from the FED rates have not changed and global growth is still slowing down. The Trade Tariffs were already front run by industry by pre-ordering items where prices could go up. so the end to trade wars is an empty statement in terms of economic impact. Purely sentiment. Heard of buy on expectations and sell on News? Well here you are. Enjoy this charty of the S&P while it lasts.