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FEAR/GREED SENTIMENT INDEX – SEPTEMBER 16, 2017

September 16th, 2017


The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” reading is once again back in the “Extreme Greed” range after being in the “Extreme Fear” zone only a few weeks ago. At the beginning of this week, most of the internal indicators were showing “overbought” conditions. Plus, the market indices are pushing against resistance levels at the top of the price ranges.

All of these point to a time when it’s too late to buy and most likely a good time to sell or lighten up. And while this Fear/Greed Index is showing “Extreme Greed,” it can still move closer to the 90-95 range before exhausting itself to the upside.

Now is a time to start building up cash for the next buying opportunity when this indicator is back in the “Extreme Greed” area. That time is several weeks away.

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