Bears no need to stay overly bearish.. Look im a bear.. but its hard to deny spy looks very bullish at the momment.. dont trade against the trend.. yes spx will pull back every uptrend does. We are talking smaller time frames here.
Bulls we are still in a overall downtrend pull backs are completely normal.. even trend breaks so dont get too excited..
I can see the spy moving much higher.. until the put to call ratio reverses we wont see new lows.. you are supposed to lose.