Weight of the evidence has been suggesting flat/lower stock prices short- to medium-term, which moderated somewhat with recent weakness; still suggesting higher prices long-term Dumb Money Confidence was recently above 80% with evidence of skyrocketing speculation which increased during a down week , typically a bad sign when combined with an unhealthy environment, though that's turning more neutral failures were approaching record lengthActive Studies show a heavy positive skew over the longer-term mostly thanks to the March/April/May breadth thrusts, recoveries , and trend changes Signs of extremely skewed preference for tech stocks neared exhaustion by late June, especially relative to industrials and financials (here and here ) Indicators and studies for other markets are showing less consistent forward results
