For the past 45 days FGIC has remained stuck at the lower margin of the extreme greed readings (+8). During this time S&P500 has gained more than 2.5%, extending a bearish divergence.
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The bars on the chart are colored red when FGIC is -8 or lower (Extreme Fear) and green when FGIC is +8 or higher (Extreme Greed). [ Please follow these links: original and update explanations how FGIC works. ]
We are less than two calendar weeks away from reaching and exceeding the longest period of fearlessnes – 290 days in 2017.
Have a safe trading week
Gianluca L.
1 Comment
Claudio D.
I know that almost nobody likes a sharp downturn but would be nice to have a correction that visits the Extreme Fear area again. Great chart Gianluca.