QQQ - 3 Key Indicators Point To Major Top In SPX
2024-05-28 05:51:49 ET
Summary
- Three major indicators suggest a major top is coming in the stock market, indicating the end of the bull market and a potential correction.
- Investor expectations, rather than economic data, mark major turning points in the market, with fear and greed playing a significant role.
- Short positions by SPX money managers, low long positions by SPX dealers, and excessive call buying by SPX option traders all point to a market top.
Three key indicators that measure investor expectations for the SPX are suggesting a major top is coming. As you'll see, all three points to an "extreme" degree of bullish sentiment in the universe of traders who trade the SPX. They are all indicating the same thing - the soon ending of this bull market and/or the beginning of a major correction....
3 Key Indicators Point To Major Top In SPX