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FEAR/GREED SENTIMENT INDEX – MARCH 2, 2018

March 1st, 2018

The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” reading has a current reading of 8 which is well into the “Extreme Fear” zone. This suggests that the market is in a buying range and not a selling range. Tactically, this means that you should either buy or hold depending on your situation.

This indicator has remained in the “Extreme Fear” area for several weeks now. This is very abnormal and suggests that we have corrected long enough in terms of time. But the charts of the major indexes don’t appear to have declined enough in terms of price.

Today’s “Extreme Fear” reading means that it’s time to start taking pilot positions if you’re under-invested in preparation for a rally to challenge the old highs. A bottom may likely appear on either Friday or Monday but actually picking that bottom will be hard to do as always. You will have sweaty palms from the fear of taking a risk here, but it’s about time for the market to get out of the “Extreme Fear” zone. It’s been here too long.

Note: This reading of 8 is the lowest of this current down cycle and may mark the bottom of this correction.

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