Three months ago, I wrote an article titled "Are we looking at a rebound in the stock market soon?". In the article, three different indicators (Fear & Greed, Smart Money Confidence, Consumer Spending) are explored.
When the article was first published in mid March, S&P 500 stood at 4204. The few indicators explored back then indicate there should be a rebound in the market soon. True enough, the market rebounded in the 2nd half of March and closed at a high value of 4631 during late March.
It was also indicated that the overall downtrend might still remain intact even if a quick technical rebound was to happen.
That did happen. The S&P 500 closed at 3900.86 this Friday.
Given three months have passed since the article was published, now is probably a good time to review these indicators again.
Fear and Greed Index
(Source: https://edition.cnn.com/markets/fear-and-greed)
This is a slightly higher score than the score of 14 which we saw three months ago....