FEAR/GREED SENTIMENT INDEX – MAY 31, 2017
May 31st, 2017
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The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” reading is in the neutral range today despite being at the higher part of the trading range. This could have multiple interpretations. For me, I see this as a potential buy signal after a relatively short period of price weakness. That weakness could translate into “Extreme Fear” in this indicator without too much damage to the present price structure. If we should get a reading in the “Extreme Fear” area accompanied by “oversold” reading in many breadth indicators, we could find another “dip” to ride the market up for another spectacular rally. Until proven otherwise, continue to look at “oversold” and “under-loved” conditions as opportunities to buy.