The sentiment of the US investor has been dampened somewhat, as we are seeing the AAII Bears/Bulls ratio rise somewhat, which you can see in the chart below.
The tapering off of bullish sentiment is not nearly what we expect or need to repair the cracks in this bull market's "wall of worry." As you can see in the chart above, the indicator is on the verge of the "first" green zone, dropping already from that prior red zone level, but we would expect something at least above (inverted chart) the 150 mark.
You can learn more about this indicator by watching a short video here.
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