Many Looking for the Pullback

I am afraid that I am not alone when looking for a pullback from the sharp rally since the end of March, from SPX 3950 to 4180 in less than 3 weeks. Looking at finance Twitter, CNBC, Bloomberg, etc., it looks like the majority of the pundits are still looking for that pullback.  The investor surveys all show a lot of bulls, but I see many more looking for a correction or a pause and a consolidation period.  

Just because a lot of investors are looking for a pullback doesn't mean it can't happen, but it reduces the probability that the majority view plays out.  It makes me more hesitant to put on a short position here unless I get the ideal conditions for a short.  I mentioned it before:  a sharp 1-2 day rally to clearly break all time highs set last week.  A less favorable condition would be to short after a few days of more volatile chop that we've seen this week, from 4100 to 4170 for a few days, and then short near 4170.  

Nothing easy to predict right now when the volume goes down and emotions or forced selling/buying are absent.  

It seems like many of the former retail favorites in the biotech and EV sectors are bottoming out, with many rallying strongly off the bottom this week.  It seems like most of the weak hands that were on margin have been flushed out this month during the relentless down trend in the retail momo names like UAVS, MVIS, TKAT, BNGO, OCGN, etc. After so much carnage in those kind of stocks over the past 2 months, I don't expect retail traders to push these uptrends too far, and lots of overhead resistance from stuck bagholders who will gladly sell any further rallies from here.  

Its a tough market to try to make big gains.  I am looking to hit singles and doubles and not trying to swing for home runs on tough pitches.  The easiest market to trade these days is cryptos, so many amateurs and unsophisticated investors in that space, it is a totally different world.  An absolute casino, a poker table filled with fish.  In the stock market, most of the fish seem to have already been eaten by the sharks, or have fled to the more friendly waters of the crypto sphere.  

In the bond market, it looks like there is a big resistance level around 1.53% 10 yr and 2.20% 30 yr where sellers come out.  The bond market appears to be in a short term range between 1.53% to 1.68% on the 10 year.  Should consolidate for a few weeks.