Are we "there yet"? - Yes, time to put on the first part of the bear trade

What if the bear makes a come back?

Over the past few days we have presented a series about the bounce in five different thematic emails (premium subs only), Where are we in this squeeze...are we "there yet"?. Trading violent bounces like the one we have witnessed is hard and many get caught wrong, both ways. We expected an overshoot above the 4200 level and a "real" volatility puke. We never saw this play out, but trading is not perfect. Maybe we are not there yet, but we are definitely much closer. Time to put on the first bear trade.

Sentiment in a bear market: what do you expect?