My sentiment indicator

I always have a hard time with my indicator, on a first pullback.

Basically... everything reads like this

"My!!! That was a Surprise! I wonder if it will continue?"

and the problem is "Where to sell it." because many wonder if it is a trend or a single pullback.

Everybody waits for some kind of bounce to short... it tends to not emerge.

or it is a single pullback.

So... to put a number on it... 4-7. Most people are looking for the bounce.... "Still Holding resistance"...They say.