One of the sentiment indicators we follow is the Consensus Bullish Sentiment Index. The index ranges from 0 to 100, with 25% and lower being oversold, or the sentiment being very negative and timely to make purchases of equities. Above 75%, the index is overbought and timely to sell. The current reading is very high at 77%. A pullback in the market is generally consistent with this type of extreme bullish reading.

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Market in a Minute 2017-11-21