This is probably one of the most popular charts these days. The S&P 500.
It fascinates me how market sentiment turns bearish with a small pull back.
"The worse crash we have ever seen"
"The bubble has burst"
"The new variant injects fear in the markets"
"The bear market is here to stay"
What? Why? Why do we collectively catch the sentiment wave?
Every time the S&P has pulled back to the 55EMA it has been the best chance to open long positions. That is not going to change until it actually changes.
If you find yourself with the herd following market sentiment, maybe it's time to block those news out and ONLY observe the chart.
This chart is telling a totally different story.
Rio.
It fascinates me how market sentiment turns bearish with a small pull back.
"The worse crash we have ever seen"
"The bubble has burst"
"The new variant injects fear in the markets"
"The bear market is here to stay"
What? Why? Why do we collectively catch the sentiment wave?
Every time the S&P has pulled back to the 55EMA it has been the best chance to open long positions. That is not going to change until it actually changes.
If you find yourself with the herd following market sentiment, maybe it's time to block those news out and ONLY observe the chart.
This chart is telling a totally different story.
Rio.