Sentiment May 19
Market has bottomed on April 7:
- ZN bottomed on Apr 11, now approaching the bottom again
- 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 flat
CPCE very complacent
Dow above Dec low
NAAIM less bullish
NDXA20 hitting 85 and curling down slightly
NYMO less bullish
VIX down
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment rolling over? Shorting the potential top