$SPX - Back and Forth between Greed and Extreme Greed

$S&P 500(.SPX)$ - Back and Forth between Greed and Extreme Greed, as it happened back in the first weeks of 2024.

The outcome back then was bullish continuation.

There are overheated components like: 1) the distance from the 125DMA, 2) the new highs in the $NYSE(NYSE)$ , 3) the volume summation is on the rise, and 4) bonds are not doing well.

2 & 3 sound very well, that's why considering further upside is important, and the $Cboe Volatility Index(VIX)$ , open for everyone in link in profile⤴️is suggesting further upside for the market.

It's been a long time since I posted a $SPDR S&P 500 ETF Trust(SPY)$ weekly chart here: 50 reposts and it will be out for everyone, less than 50 reposts, and it goes via DM to people who reposted.💚

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The CNN Fear & Greed Index is composed of seven underlying indicators:

1) Stock Price Momentum: Measures the performance of the $S&P 500(.SPX)$ relative to its 125-day moving average (MA).

2) Stock Price Strength: Compares the number of stocks hitting 52-week highs and lows on the $NYSE(NYSE)$ .

3) Stock Price Breadth: Analyzes the trading volumes in rising and declining stocks.

4) Put and Call Options: Measures the extent to which put options lag behind call options.

5) Market Volatility: Assesses market volatility using the $Cboe Volatility Index(VIX)$ .

6) Safe Haven Demand: Difference between Treasury bond and stock returns over the past 20 trading days. Bonds do better when investors are scared. Not today. $iShares 20+ Year Treasury Bond ETF(TLT)$

7) Junk Bond Demand: Compares yields on junk bonds and safer government bonds.

# Take Profit as S&P Hits 5800 or Hold Till 6000?

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.

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