S&P 500 thoughts: Don't get lost in the fear!

2023-10-30

S&P 500 thoughts: Don't get lost in the fear.

The market is fearful and on the way to bottom the narrative will be filled with reasons why it shouldn't stop. Active fund managers have clients positioned with the least exposure since the October 2022 low.

Fear has undeniably set it. The chart of the $S&P 500(.SPX)$ marks the relative lows of both the CNN Fear & Greed Index, and the NAAIM Exposure Index.

Extreme fear and minimal exposure is a combination that has preceded all meaningful advances.

I remain an advocate for the 3950 - 4100 area as a candidate for a correction base. This is a range for my portfolio to buy fear.

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Monetary policy, various types of price indices... Here is everything about the macro economy!

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The chart of the <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> marks the relative lows of both the CNN Fear &amp; Greed Index, and the NAAIM Exposure Index. Extreme fear and minimal exposure is a combination that has preceded all meaningful advances. I remain an advocate for the 3950 - 4100 area as a candidate for a correction base. This is a range for my portfolio to buy fear.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/5025fed69fb0a40ac896cea1512b500f\" tg-width=\"900\" tg-height=\"572\">Image<a href=\"https://twitter.com/tomthetrader1/status/1718637412119982501/photo/1\" title=\"\n\n\" class=\"css-4rbku5 css-18t94o4 css-1dbjc4n r-1loqt21 r-1pi2tsx r-1ny4l3l\"> </a>Follow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","htmlText":"<html><head></head><body>S&amp;P 500 thoughts: Don't get lost in the fear. The market is fearful and on the way to bottom the narrative will be filled with reasons why it shouldn't stop. Active fund managers have clients positioned with the least exposure since the October 2022 low. Fear has undeniably set it. The chart of the <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> marks the relative lows of both the CNN Fear &amp; Greed Index, and the NAAIM Exposure Index. Extreme fear and minimal exposure is a combination that has preceded all meaningful advances. I remain an advocate for the 3950 - 4100 area as a candidate for a correction base. This is a range for my portfolio to buy fear.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/5025fed69fb0a40ac896cea1512b500f\" tg-width=\"900\" tg-height=\"572\">Image<a href=\"https://twitter.com/tomthetrader1/status/1718637412119982501/photo/1\" title=\"\n\n\" class=\"css-4rbku5 css-18t94o4 css-1dbjc4n r-1loqt21 r-1pi2tsx r-1ny4l3l\"> </a>Follow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","text":"S&P 500 thoughts: Don't get lost in the fear. The market is fearful and on the way to bottom the narrative will be filled with reasons why it shouldn't stop. Active fund managers have clients positioned with the least exposure since the October 2022 low. Fear has undeniably set it. The chart of the $S&P 500(.SPX)$ marks the relative lows of both the CNN Fear & Greed Index, and the NAAIM Exposure Index. Extreme fear and minimal exposure is a combination that has preceded all meaningful advances. 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