SPX Stuck, Shorts Disappear, Retail Surges - And Sentiment Flips Up

SPX is stuck

SPX has traded inside the same range since September last year. We still lack a new trend, but people still get bearish at range lows, as well as they tend to get bullish at range highs. Getting overly bullish here is a short term late trade. Chart shows the 50 and the 200 day moving averages.