Via Energy and

The most bullish aspect of the recent equity market environment has been relatively tame sentiment. Only now after a 100+ S&P point rally within just 2 weeks is sentiment beginning to turn optimistic again:


 Source: CNN Money Fear & Greed Index

If the S&P prints fresh all-time highs over the coming days the Fear & Greed Index is likely to reach the highest levels of greed since mid-2014:


Meanwhile, a nice short trade might trigger in the S&P tomorrow if equities continue to cruise higher:


A 4th consecutive up day with a close above the upper Bollinger Band at new highs offers a juicy 1-2 day short setup:



We will update readers if this fat-pitch sets up tomorrow afternoon.