Retail sentiment has become overwhelmingly greedy and bullish, with the SPY breaking the 700 level. According to the contrarian investing principle to "sell when others are greedy," this extreme retail exuberance signals an impending market top. The author maintains a strict short bias, expecting a sudden and severe market crash at any moment. The market continues its strong upward momentum, fueled by the very bullishness the author is betting against, resulting in total portfolio destruction.
SPY
HIGH
Apr 16, 08:10
Key Points
['Author is stubbornly bearish on the broader market.', 'Retail sentiment is noted as extremely bullish.', 'Trade relies purely on contrarian sentiment analysis.', 'SPY noted as breaking the 700 milestone.']
April 16, 2026 at 08:10