This indicator is labeled as being in the “Greed” zone right now. Ideal buying opportunities have only occurred when the general market has been in the “Extreme Fear” zone. Conversely, optimal selling opportunities tend to occur when the general market has been in the “Extreme Greed” zone. This suggests that the market needs a little more time in order to generate greater greed in order to sell. So don’t be surprised if the market continues to zig-zag its way to higher highs. With the strength of this move, the market can stay in the “Extreme Greed” area for over a week as well.
Categories: Fear & Greed Index Tags: investing, investments, money, QQQ, retirement, SPY, stock action, stock market, stock trading, stocks, tony robbins, trading, wall street