Stocks: We May Be Close To A Short Term Market Top. Here's Why. By Gregory Mannarino

in #money7 years ago

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Despite what you may have heard, the main driver behind the price action of the stock market is not technical factors nor are the fundamental factors, it is emotion.

Beyond any shadow of a doubt, there is an eerie sense of euphoria in the equity markets today.

Have a look at the chart below. This is the "fear and greed index" and we are now entering the phase of extreme greed.
To some what I am about to say may seem counter-intuitive however, history has proven that when we enter this extreme greed phase-it is generally a bearish sign, or a sign to take profits.

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Keep in mind, the extreme greed phase which we appear to be in today can continue, and in this environment more than likely will, however this should serve as a signal that we may be nearing a short term market top.

Gregory Mannarino. "The Robin Hood Of Wall Street."

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No question we're in for a pullback sooner than later!

Thanks for the heads up @marketreport.

Will be watching the markets closely.

*-The Beached Whale-
Editor in Chief - The Anderson Report
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thanx sir for share this new news on market @resteem

Me three. Upvote and resteem.

Resteemed and upvote Mr Robin Hood..

upvoted and resteemed

I agree. Going to be a roller coaster.

Yesterday, we were also on the verge of a much bigger correction only to be bought up after the market opened. So, why do you think we're finally in for a pullback? Why can't they just buy it back up again?

That#s great to us thanks for resteem

Greg, that was very well said and to the point, and very true, and we did upvote and resteem for all to see

thanx you sir for share this update
@resteemd

your work is good sir to give us daily new newses @resteem

REESTEMED AND UPVOTED SIR

You are really so thankful sir.

your market reports and news are wonderfull work for me and help me always @resteemd

thank so much my dear sir @marketreport for sharing today update with us. have a nice day.
Now #resteem & upvoted done.

Uovoted and resteemited

thanx sir for share this new news on market @resteem

Thank You, Gregory, Upvoted and Resteemed. BYOCB.

thanx sir for share this new news on market @resteem

restemeed & upvoted

Sage advice as always. Upvoted & Resteemed.