$SPX - Neutral Despite of V Shaped Recovery
$S&P 500(.SPX)$ - Neutral Despite of V Shaped Recovery
The fear and greed index comprises seven elements:
market momentum,
stock price strength,
stock price breadth,
put and call options,
market volatility,
safe haven demand,
junk bond demand.
Of these, market volatility is currently neutral. As analyzed in the Weekly Compass, this is an element to monitor closely next week. Additionally, market breadth still has room for improvement despite the recent rally.
Regarding the chart, the indicator is in neutral territory, a level that warrants attention as the price has recently experienced declines at this point if not crossed swiftly.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $NASDAQ 100(NDX)$ $E-mini Nasdaq 100 - main 2409(NQmain)$
https://x.com/SmartReversals/status/1827831425950707863
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