FxWirePro: BTC / USD faces strong trend line resistance at 9214, further
bullishness only on decisive break above
Not exact matches
Advisory
bullishness (Investors Intelligence) shot to 59.5 %, compared with
only 14.1 % bears — one of the most lopsided sentiment extremes on record.
Indeed,
only two of those «second Discount Rate cuts» occurred with the S&P 500 P / E above 15 and advisory
bullishness running over 50 %.
It is superstitious and wishful thinking to assume that the market will perform strongly simply because of two Discount Rate cuts, despite elevated valuations, high levels of
bullishness, absence of a recession, and an S&P 500 index that is
only about 2 % from its all - time high.
«The
only pullback we've seen on the rise above $ 1,000 is from $ 1,070 to $ 1,040, which is a healthy sign of
bullishness,» he said.