A rally created entirely out of bears?

Ridiculous to think about it, given the horrible macroeconomics.... but with the majority of the people being bearish, and expecting a 2008 like collapse, could we get another mega short squeeze?

1. Everyone seeing the exact same 2008 pattern, and shorting. Deja vu or Deja fool???
2. Brexit hedges.
3. Double bottom made on Feb 2016 and August 2015.
4. Every large fund seems to be bullish of gold again...

Let's see.... its good to collect some cheap SPY CALLS at below 0.05 each...


Smaller timeframe:

Deja vu or deja fool?

hmm.... I think the best way to trade this is to remain neutral for now until we're sure