Sentiment May 22
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 below Dec low
NAAIM bullish
NDXA20 making double top
NYMO negative
VIX up
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment rolling over? Shorting the potential top