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FEAR/GREED SENTIMENT INDEX – OCTOBER 14, 2018

October 13th, 2018

The “Fear/Greed Sentiment Index: What Emotion is Driving the Market Now?” has a current reading of 11 after reaching an even more extreme reading of 5 on Friday. This suggests that the market is within the buying opportunity area.

This indicator has gone down enough but only may need to spend more time in this area before rallying upwards in the coming weeks.

With the internal indicators in “oversold” readings, this suggests that a tradable bottom could occur in this time period – which is within the next two weeks. However, there is always the possibility of one more crash down of obvious “bad news” in order to shake out the weak hands.

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