Investor sentiment is neutral. As expected, bullish enthusiasm has been on the wane as prices have pulled back over the past 2 weeks. The bulls hope that this is the pause that refreshes, and the bears (if there are any out there) hope that the highs have been seen. From a sentiment perspective there is little edge to the data. Such short term pullbacks may bring in buyers, but this is not the set up that would lead to sustainable or accelerated gains.
"SP500: Strong Sell Bias" and "Russell 2000: Sell Bias".