Don't fight the momentum
Greed is once again at its highest levels. That is often times a signal for a turn lower in markets. Below is CNN Fear and Greed Index.
SKEW continues to push higher which has been a signal for a bullish tone in equity markets. Could we see resistance at 144? Based on market action lately, yes we could.
SP500 has a could rally up to its high as well a retreating back down towards support. Based on the Fear & Greed and SKEW Index, i’m going with a rally into Fridays close.
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