Sentiment May 12
Suppose market has bottomed on April 7:
- ZN bottomed on Apr 11
- Copper on April 7
- Gold on Apr 7 and topped on Apr 22
- Silver on Apr 7 and topped on Apr 25
- USDJPY bottomed on Apr 22, same as DXY
DG less bullish
CPCE complacent
Dow below Dec low
NAAIM more bullish
NDXA20 hitting 85 and curling down slightly
NYMO dipping after bullish extreme
VIX flat
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment overheating, watch for rug pull