Nevertheless there are many conditions that any decent bull should be aware of:
- Extreme bullish sentiment among retailer investors (ISEE=150), which is normally faded by the market .
- Possibility of a double top on some important indices so I will be watching the following levels and indicators to anticipate a potential sell off if those levels are not taken out.
"Toppy" levels:
DJ Transportation
Nasdaq Comp
Indicators to watch: (signaled moves would correspond with a bearish move in equities)
USD
EURJPY- Important resistances zone (previous highs)
ZB- 30 year T Bonds Future
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