Why do I think there could be an exteded bullmarket. With low interest rates this could continue to fuel the markets. If the FED raises rates it will be a token rate hike something that would not be a market killer. Also President Obama´s budget has passed where there is no debt ceiling until March of 2017. With no debt ceiling worries until March 2017 and if the FED keeps rates as they are or even a token rate hike the market has the potential to go higher. Plus it seems everyone and their brother is wants to short the market. The algos will go after the easy stops first where for the last month the easy stop hunt has been to the upside.
FWIW, I use the views as a sentiment gauge. The more people agree with this chart and a higher than usual view count I would be suspect of the long setup. Like the chart bull view I shared along with a bear view. The bear view has more engagements than the bull view which lead me to believe the rally could continue in october. This is a very small sample and is most like bs.