Markets MUST correct, everything is overbought and sentiment is Extreme greed. RSI points to extreme overbought territory, VIX very low and not going any lower (reached bottom).
Usually august/september the market corrects. so i expect a correction around 5-8%.
Be prepared, dont chase FOMO. Be careful.
SPX
SPX
SPX
XSP
SPY
Usually august/september the market corrects. so i expect a correction around 5-8%.
Be prepared, dont chase FOMO. Be careful.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.