$SPX - Back and Forth between Greed and Extreme Greed

$S&P 500(.SPX)$ - Back and Forth between Greed and Extreme Greed, as it happened back in the first weeks of 2024.

The outcome back then was bullish continuation.

There are overheated components like: 1) the distance from the 125DMA, 2) the new highs in the $NYSE(NYSE)$ , 3) the volume summation is on the rise, and 4) bonds are not doing well.

2 & 3 sound very well, that's why considering further upside is important, and the $Cboe Volatility Index(VIX)$ , open for everyone in link in profile⤴️is suggesting further upside for the market.

It's been a long time since I posted a $SPDR S&P 500 ETF Trust(SPY)$ weekly chart here: 50 reposts and it will be out for everyone, less than 50 reposts, and it goes via DM to people who reposted.💚

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The CNN Fear & Greed Index is composed of seven underlying indicators:

1) Stock Price Momentum: Measures the performance of the $S&P 500(.SPX)$ relative to its 125-day moving average (MA).

2) Stock Price Strength: Compares the number of stocks hitting 52-week highs and lows on the $NYSE(NYSE)$ .

3) Stock Price Breadth: Analyzes the trading volumes in rising and declining stocks.

4) Put and Call Options: Measures the extent to which put options lag behind call options.

5) Market Volatility: Assesses market volatility using the $Cboe Volatility Index(VIX)$ .

6) Safe Haven Demand: Difference between Treasury bond and stock returns over the past 20 trading days. Bonds do better when investors are scared. Not today. $iShares 20+ Year Treasury Bond ETF(TLT)$

7) Junk Bond Demand: Compares yields on junk bonds and safer government bonds.