It appears that the recent pullback has scared away a lot of bulls among individual investors. This week's readings are 38.1% bulls, down 10.4, 34.3 bears, up 4.6. While last week's readings were overly bullish, they were not yet at the extremes that preceed a major correction. Within one week individual investors have become less bullish than their long-term average.

Probably means that the current pullback will be minor.