Sentiment May 2
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 not topped yet
- USDJPY bottomed on Apr 22, same as DXY
DG more bullish
CPCE less complacent
Dow below Dec low
NAAIM less bearish
NDXA20 hitting 80
NYMO down to 70
VIX down
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment overheating, but price uptrend still strong, tread carefully