That’s what I was waiting for…
The most recent numbers from LowRisk.com

56% bullish, 28% previous week
23% bearish, 53% previous week
21% neutral, 19% previous week

Its clear that a top is moving into place. As last weeks bears moved over to bulls, I think this is the beginning of a downtrend.

Nevertheless, looking through historical records it seems that bear markets usually move in a two-steps-back one-step-forward movement. In this case we may see a bit more of a thrust from the buyers, maybe pushing the percentage to 58 or even into the 60s which would definitely signal a very bullish high like we saw in the late 90s.

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