What a sell off last week, led by oil. Stock indexes have been range bound for sometime and we are still pretty much range bound but the market may have finally made its move.
The AAII investor sentiment showed a the biggest ever neutral sentiment and then last week it spiked 30% sharply higher (to a 6 month high) That apparently was the warning sign as investors who hated the rally in January and February finally pile in and get stuffed again.
I tried a countertrend back and fill trade in USDCHF this morning -1R
Going to keep my powder dry while we consolidate a bit