This is kinda crazy…assuming my data feed is correct, today is only 6th time since ‘40 that $TRIN is >1.5 and $SPX is >+1.5%.
Re: the TRIN stats, the others all led to (very) short-term peak. The dates were 8/31/66, 8/16/71, 3/4/09, 5/26/09 and 6/1/09.