(Click on image to enlarge)
Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top.
BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!
Today’s “weekly” chart mash-up shows the performance of 6 different instruments across various asset classes since December 2021… and gold has been the best performer at +13%.
The others have literally gone nowhere. Basically flat.
So perhaps all this excitement is a bit overdone. And maybe investors need to be more selective in choosing assets with good risk/reward setups.
More By This Author:
Coinbase Stock Price Rally Putting In Bearish Reversal?Bitcoin Rally Tests Old High; Will Fibonacci Price Resistance Hold Again?
Equal Weight S&P 500 Testing Key Fibonacci Extension Level
Comments
Log in or sign up to join the conversation.