Retail Sentiment

As noted earlier in this post, VIX is very popular with retail right now which is predictable, you want to know what they like? Just look for whatever has moved, they don't do the work and find them before they move, they chase them as I showed in this post with retail volume and institutional distribution at the day's highs.

Now we have an earlier email from before that post with Retail Sentiment, it was VERY specific to VIX ONLY, not the market as usual and this was before, I posted the article above.

"Twittertards are super bullish on the VIX:

"cup / handle mentioned earlier this week ...playing out . be careful . the vix wants a 20 handle"

"VIX bull pennant break out today $SPY still bear flagging"

Also in yesterday's market updates and last night's wrap specifically, what did I say about the market that the Twits are looking at?

From the Daily Wrap last night:

"Meanwhile the SPX and rest of the market seem to be in a bull flag which would be 100% appropriate for where we are in a "W" base according to Technical Analysis textbooks, the world doesn't usually work that way, but I wonder if they'd rather see retail buy down here and get head fakes higher than make them skittish?"

So far our "Sentiment" Leading Indicators are still bullish the market short term (as in a strong bounce).

 HIO vs the SPy

FCT  vs the SPY