Dumb Money is Going All In On the SP500 Rally | This Marked Every Big Top Throughout 2022. - YouTube |
add US Stock Market Outlook After 2022 End-of-Year Low
Prediction #sp500 #indicator
#indicator: Dumb Money Confidence is at 70 level, which means retail investors are piling money into bullish trades, the question is whether this is a contrarian bearish indicator for #sp500? Checking historical data of this indicator comparing with #sp500 indicates that this indicator worked reliably to predict bear market rallies during bear market, but during bull market, this indicator may not necessarily predict market top because this indicator may stay above 70 level for a long time during bullarket.
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