AAII Bull Index should continue moving up for a sustainable bounce
The AAII Bullish Sentiment Index, also known as the AAII Bull Index, is a sentiment indicator that measures the percentage of individual investors who are bullish about the stock market's short-term prospects.
This index is published weekly by the American Association of Individual Investors (AAII) and reflects the sentiment or optimism levels among individual investors.
How to Interpret It:
- High Bullish Sentiment: High levels of bullish sentiment may indicate market optimism and potential overvaluation, suggesting a contrarian signal that the market may be nearing a peak.
- Low Bullish Sentiment: Conversely, low levels of bullish sentiment may signal pessimism and potential undervaluation in the market, indicating a contrarian signal that the market may be bottoming out.
This index should continue moving up for a sustainable bounce, instead of setting a sequence of lower highs as it did during the Aug-Oct correction in 2023.
$S&P 500(.SPX)$ is the index in the bottom.
Image
https://twitter.com/SmartReversals/status/1786856939130950112
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- HarleyJonson·05-06Thanks for sharing!LikeReport