Did Buy The Dip Really Become Buy The Rip ?

Our heads are exploding

Last week we said that the tactical sentiment & positioning indicators were screaming "BUY THE DIP" and that it caused our heads to explode as the market was hardly down. Fast forward one week and many of the same tactical indicators are now saying "BUY THE RIP" - and we do not know if we will survive this head trauma. Let's look at 12 indicators that make our heads explode - and then one chart that would indicate the opposite.