AAII Sentiment / 8week-Average (LongTerm-LOW)
The AAII 8-week moving average of bulls is below the 25%-threshold. This marks a lower level than in March 2003 and March 2009! The lack of bulls suggests, that a big majority may be betting on a big bad outcome.
My opinion: On average, the majority-opinion turns out to be wrong.
Still, this standard-outcome may just work, if everything turns out better than worse as it - most of the time - did in the past...
source: https://lplfinancial.lpl.com