$SPX - Extreme Fear in Market Momentum
$.SPX(.SPX)$ - Fear in the overall Fear & Greed Index - Extreme Fear in Market Momentum
Market momentum is a component of the Fear and Greed index, it tracks the price distance from the 125 moving average, the most significant peaks have ranged from 6.4% to 11.4% gap between the S&P and this line.
Current status: 8.3% gap with technical exhaustion.
Why the Fear and Greed is not at extreme level? because the McClellan summation index is falling, setting a divergence.
Can the index move up for another 2% gap? Maybe, but the $Cboe Volatility Index(VIX)$ looks bouncy, and if it happens without a healthy pullback, the seatbelts should be fastened.
Image
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.
