Bullish sentiment fell over 16% over the last week. Now stands at 21.7%.
Neutral sentiment fell 7% over the last week. Now stands at 30%.
Bearish sentiment leaped over 24% over the last week. Now at 48.2%.
The end result: The Bull/Bear spread is now at -26.5%. As seen in the chart above, this is an extremely low reading. For contrarian investors, this is a very positive development. Major market lows have been left behind when this spread is at, or near, current levels.
Hat tip AAII.com/Horan Capital Advisors.