The sentiment of the US stock market is warming up - but not overheated yet

• The bullish sentiment of the AAII has just risen from 35.1% to 45% - a sign of growing optimism as the S&P 500 reaches new highs.

• However, it is not yet in "frothy" territory, which starts above 50%. Last July, a reading of 52.7% preceded a 9% market decline.

• For now, positioning does not look overcrowded - but if bullish sentiment pushes beyond 52%, caution is warranted.

• Key question: Can the S&P 500 reach 6500 or even 7000 before sentiment overheats?#StrategicTrading