Sentiment April 7

Before market topped:

  • Copper strength
  • Gold and silver strength
  • Yen weakness
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SPY dealer greeks - bullishness building

CPC skyrocketing

Dow rejecting Dec low

NAAIM more bearish

NDXA20 dipping

NYMO hitting -60

VIX huge spike

Seasonality - April supposed to be very bullish, now major deviation from the script

Conclusion: short-term bounce likely, but if the bounce fails, can make new low