AAII Bull-Bear Survey
The number of bulls among individual investors jumped over 50% in two weeks, from 29.6% to 37%
This is still well below the July and January peaks of 44.9% and 49.5%
BraVoCycles
Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
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National Association of Active Investment Managers Survey
Investment managers are pulling in their horns.
There's a notable negative divergence between the NAAIM Index and SPX.
This setup is similar to February 2025, which preceded a significant drop in SPX.
Market Vane Bullish Consensus is reaching a staggering 80% - The highest in at least 35 years, on par with the summer of 1997
Market Vane surveys leading market advisers and Commodity Trading Advisors (CTAs).
Historically, readings above 65%-70% call for caution. What does an 80% reading suggest to you?
SPX Technical Analysis
Tuesday's peak showed significant RSI and MACD negative divergences
After an ugly candle on Wednesday, SPX again closed down with a near-doji -> hesitation before a continuation?
It is sitting at the top of the upper Keltner -> another down day would not be good for the bulls
Check my latest EW count, and cycle price projection chart
