Again, one thing about this chart: It takes price movements to move the bullishness. The significant rally price peaks almost always match the peaks in bullishness. I don't suspect P2 should be any different. Daily percent is back to 59. But if my cool trendline is hit late summer, expect readings in the 80's.
If this thing behaves in a different way than I expect from here on out, I'll be the first to post and say so.