Huge Jump In Bullish Sentiment

Includes: IVV, SDS, SH, SPY, VOO
by: Bespoke Investment Group

Heading into last week, we saw the second lowest bullish reading in our weekly market poll since we began conducting it in early 2012 (38% bullish to 62% bearish). This week we've seen a complete reversal, with bullish sentiment now outnumbering bearish sentiment by 10 points (55% to 45%). This upside reversal in the bull/bear spread of 34 percentage points is the highest bullish reversal that we've seen to date.

Looks like investors are finally starting to buy into this market. The only question now is whether or not it's too late.