Posted by bpozdoll1717 on 7th of Feb 2023 at 05:49 pm
CNN Fear Greed Index. Arun has been spot on for most of
this rally. Kudos to him for sure. Interesting chart
of CNN fear/greed indicator which is now at 79 (Extreme Greed).
I couldn't find a level so high on the 18 month chart.
But last time it hit 77 on 11/9/21 the market was 180 points
lower in 3 weeks and 800 points lower in 5 months. The catch
is that after the 180 point drop it actually rallied to new highs
first before a huge decline.
CNN Fear Greed Index. Arun
Posted by bpozdoll1717 on 7th of Feb 2023 at 05:49 pm
CNN Fear Greed Index. Arun has been spot on for most of this rally. Kudos to him for sure. Interesting chart of CNN fear/greed indicator which is now at 79 (Extreme Greed). I couldn't find a level so high on the 18 month chart. But last time it hit 77 on 11/9/21 the market was 180 points lower in 3 weeks and 800 points lower in 5 months. The catch is that after the 180 point drop it actually rallied to new highs first before a huge decline.
https://en.macromicro.me/charts/50108/cnn-fear-and-greed
en.macromicro.me
US CNN Fear and Greed Index | MacroMicro
CNN Fear and Greed consists of the deviation from average of market momentum, stock price strength, stock price breadth, put and call options, market volatility, safe haven demand, and junk bond demand with equal weightings. 100 shows maximum greed; 0 shows maximum fear.