ACTV - Bullish Sentiment Is Rising But We Still Expect A Market Peak In August
2024-03-10 08:50:14 ET
Summary
- The Master Sentiment Indicator has again entered the red zone, indicating extreme bullish sentiment and suggesting a possible sell-off.
- However, it's abnormal not to have at least one correction before a major advance ends. The fact we haven’t had one is strong evidence this advance is not yet over.
- So, we're expecting a short, sudden sell-off, which then reverses and breaks to new highs, with the major advance finally ending sometime this August.
The Master Sentiment Indicator (MSI) - a composite made from nine, established sentiment indicators - has finally moved into the red zone. This means we've entered the zone of extreme bullish sentiment, and it suggests a short-term, market sell off. Why short term and not long term?...
Bullish Sentiment Is Rising, But We Still Expect A Market Peak In August