Sentiment May 21
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 less bullish
CPCE complacent
Dow above Dec low
NAAIM less bullish
NDXA20 making potential double top
NYMO less bullish
VIX flat
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment rolling over? Shorting the potential top