This past Thursday the NYSE Bullish Percent Index did a reversal to the upside which is a bullish for the US equity markets. However at the current 77.78% it is very close to highs reached over the past 13 years. So it is probably best to remain on the side lines for now. The run up in the SP500 has turned parabolic and a reversal to the downside could could be sharp and brutally fast.
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