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11/25/14: Sentiment remains at extreme levels-but volume is going to shrink even more as we head into Wednesday. SPX 2080 is resistance and we wouldn’t be surprised for a second if we see a turn BEFORE the Dow reaches 18,000 and the SPX 2100.
When everybody is on the same page as far as expectations-with a specific number-that is usually the root cause for the reversal.
Still may see an upward bias into next week-as there are turn dates approaching-but not here yet.
http://www.sentimenttiming.com/sentiment-extremes/
http://www.sentimenttiming.com/sentiment-extremes/
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