$SPX Retreat From ATH, Next Target $518? Momentum & Sentiment Check
$SPDR S&P 500 ETF Trust(SPY)$ $SPDR S&P 500 ETF Trust(SPY)$ Right back to previous ATH level $524.
If this ends up defending we may shake out those bears again and continue higher to $532+
If not we'll see $517& $514.
Check the market momentum and sentiment before you making a decision.
$Cboe Volatility Index(VIX)$ is rising!
Fear and Greed data:
Put and Call Option ratio
Market Momentum:
It’s useful to look at stock market levels compared to where they’ve been over the past few months. When the $SPDR S&P 500 ETF Trust(SPY)$ is above its moving or rolling average of the prior 125 trading days, that’s a sign of positive momentum. But if the index is below this average, it shows investors are getting skittish. The Fear & Greed Index uses slowing momentum as a signal for Fear and a growing momentum for Greed.
And the Put/Call ratio,
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- VictoriaArthur·05-24Thank you for the insights!LikeReport