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McCellan TICK Tops And Optimism Ends Badly...

|Includes: SPDR S&P 500 Trust ETF (SPY)

McClellan offers a free weekly and the "EOD Tick" reading shows what professionals are doing, with the current reading indicating a top:

I've warned you of taking "ZeroHedge" with a grain of salt - given extreme bearishness and a website so loaded with ads that it crashes every browser I've tried, and I've tried them all! - but the 1st chart shows that inflation projections have been too optimistic (buying the CB argument that increasing inflation is desired - a questionable premise only good for bailing out debt-heavy govts?) AND economic forecasts have also been too optimistic:

Disclosure: I am/we are short SPY (USING OPTION STRATEGIES).