Last Week
– Uncertainty had disappeared and there was a move from both Bull and Neutral camp to the Bear camp
– The idea was for recognized bear trend that caused the largest % decline in Futures trading (at worst close to 40-43 ES points at one point) since March/April 2009 time frame. A nifty job of a larger degree wave for sure.
This Week
– This week, the Neutrals came in close to constant, the Bulls moved to Bear camp as well.
– Overall, the Bull % continues to linger around lows for 3 straight months at an average of 31% since September!
– Markets may hold ground this week to the positive side this week, with Bulls giving up and moving to Bear camp, neutral staying constant

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