"The Squeeze Is On"

The squeeze is on, but I'm not buying it.

Doubt resides in the dual unknowns of what level the market will reach, and the magnitude of its retracement.

This is what makes investing difficult.

For a little perspective, here is a potential scenario:
Trough = 666
Peak = 930
Trough to peak bounce = 40%
Retracement = 15%
Retracement level target = 790

I kind of want to see the market getting "nuttily happy" before I reverse position - it's getting there but it needs a few more days to attract more moths to the flame.

I bet there is a fair amount of regret sitting out there among investors who cashed up and stayed on the sidelines.