In few days the sentiment has collapsed: now 2 out of three are bearish and this is really a nice bullish news. We are going out of the long choppy flag and rising volatility will be the main trait of coming times. Up and down for a while, with a upward bias and a lot of fear around.
Don’t be part of the herd, otherwise you may only lose: either you trade intraday or you invest for long time perspective, the advice of the model is to privilege the long entries and be very very careful with shorts. Consider the drops as good entry points for long accumulation and be patient. For euro based investors, time is even better: the rise in S&P 500 should combine with lower EURUSD rates, multiplying the gains.