Market Pulse on October 24th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2656.1 -84.59.

The bloodbath continues in the stock market, invalidating our scenario of a rebound and prices are heading south to the lows tested in February and April of this year in the area between 2550 and 2600. Some of our indicators improved : daily and weekly sentiment indicators are pointing out to rising fear among the investment community. Our buying/selling index, our fear/greed index and our capitulation index are improving too although they haven’t reached an extreme yet.

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