Home > Blogger Sentiment > BLOGGER SENTIMENT FOR THE WEEK OF SEPTEMBER 12-16, 2016

BLOGGER SENTIMENT FOR THE WEEK OF SEPTEMBER 12-16, 2016

September 14th, 2016

sept-12-16-blogger-sentimentThere has been an important shift in sentiment as the bears now outnumber the bulls 41.67% to 37.50%. This is one of the first prerequisites to forming an intermediate-term bottom. Now we need some more downside action to produce a higher degree of fear and for the internal breadth indicators to move into a deeply oversold area. That could happen as early as Friday, but more likely next week sometime. My guess is that the “Brexit Bottom” will hold and even serve as the most extreme lower boundary for any spike down in price.

Be Sociable, Share!
Comments are closed.