Here is an easy ta for SP500
We dont need to talk about RSI and MACD, they signals how overbought the market is.
I want you to show my technical view of fear and greed that market currently shows:
Dumb money joined the market and pushed market higher. I take Hertz an example for dumb money. The 8th of Junge was the greediest day since the market was going down.
Give me any reason for investing in bankrupt stocks like Hertz? Give me any reason for this kind of pushing other stocks like Hertz?
Then, suddenly the news flow changed to fear after Fed was talking: Covid is getting back and dumb money selled off (dont forget: Everyone knowed before, that a second wave could come true)
So, thats why im still neutral for SP500. I dont know how this irrational market of dumb money and flushing money from fed is going higher. The history shows, that this can go on for a longer time as you have money.
Good luck for your trading
Any comments are welcome :)
We dont need to talk about RSI and MACD, they signals how overbought the market is.
I want you to show my technical view of fear and greed that market currently shows:
Dumb money joined the market and pushed market higher. I take Hertz an example for dumb money. The 8th of Junge was the greediest day since the market was going down.
Give me any reason for investing in bankrupt stocks like Hertz? Give me any reason for this kind of pushing other stocks like Hertz?
Then, suddenly the news flow changed to fear after Fed was talking: Covid is getting back and dumb money selled off (dont forget: Everyone knowed before, that a second wave could come true)
So, thats why im still neutral for SP500. I dont know how this irrational market of dumb money and flushing money from fed is going higher. The history shows, that this can go on for a longer time as you have money.
Good luck for your trading
Any comments are welcome :)
*long