We've seen quite a bit of volatility in our Bespoke Market Poll over the last couple of weeks. After a big down day two Fridays ago, traders went into that weekend feeling very bearish. Last Friday we had a nice rally in the market, and as shown below, traders have flipped back to bullish once again.
Of the 436 participants in our weekly survey, 57% were bullish while 43% were bearish. This is compared to a reading of just 41% bullish and 59% bearish heading into the trading week last Monday.