Here is our poll results from the weekend sentiment poll. According to the results, the majority thought we would stay above 1500 this week, fail:
Going with the majority vote the past few weeks would have been the correct move, but not this time. Just when you think we are headed to fresh highs, the market shits itself and sells off below 1500 all in one day.
Straight up nasty reversal today. Bears have the upper hand.