S&P 500 2614,45 +32,57.
After the previous day’s sharp selloff, bargain hunters stepped into the market chasing opportunities. Our buying/selling index, our fear/greed index and our capitulation index measured this behaviour. The market may enter a bottoming process that may last some time until selling pressure gets fully exhausted, the pattern may take different shapes. Overall, the risk profile of the market is getting attractive and we are a long way from the readings we got during the month of January.