I was looking for articles and newsletters talking about these days short term market sentiments and i found that about 90% of them are bullish.
Even the survey about Investors optimism is on the rise.
Does that means that the market will rise in the next months ?
Probably not.
I don't know how the market is going to do in next weeks, but i know that if a majority of people are bullish then the majority of them are long.
So at this point more investors are likely to go short (selling their positions) than ones to go long, because the majority are already long.
I can't be sure about that, but i think that if the market don't run up quickly in next weeks then it can experience a drop and optimism can disappear with more and more investors selling their positions.
If you think i am wrong, please correct me.