The most recent AAII Investor Sentiment shows a continued favor towards the bullish camp. The % bullish dropped 2.1% to 49.4% but is still above the historic rate of 39%. The % bearish stayed at 26.9% as in the prior week and is below the historic rate of 30%.
The charts below indicate that bullish sentiment continues to stay elevated but has not not moved higher with the SPX and based on the historic correlation, SPX appears due for a pullback.
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