In my experience, a low Bullish % reading is a better indication of a market low than a high Bullish % reading is of a market top. The Nasdaq 100 Index, S&P 500 and Dow Jones Industrial Average were all up over 1%. The horizontal line (line b) is drawn at 10%. The Conference Board’s Consumer Confidence Index, another important measure of the consumer, will be released on February 23. XLY Tom Aspray - ViperReport.comThe Consumer Discretionary Select ETF (XLY) XLY diverged from the S&P 500 last week as it was down 1.1%, while the S&P 500 was up 1.2%.

Source: Forbes February 14, 2021 19:41 UTC