Sentiment May 7
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 mildly bullish
CPCE neutral
Dow below Dec low
NAAIM more bullish
NDXA20 hitting 85
NYMO dipping after bullish extreme
VIX flat
Seasonality - May may be more equivocal between buy and sell
Conclusion: sentiment overheated and turning down, consolidation phase / fakeout likely