![]() ![]() ![]() If their greatest fears do not materialize or get pushed deeper into the future, this would increase the risk for catch-up rally phase (aka FOMO rally)," Suttmeier said. "Sentiment, positioning and cash levels suggest underexposed investors who are braced for Armageddon. for the price to rise above the 200-EMA, where the RSI should fall below 40 (but not below 25). That's evidenced by the most recent AAII weekly investor sentiment survey, which shows that just 23% of survey respondents are constructive on stocks over the next six months, as well as leveraged funds aggressively shorting stocks at levels not seen in more than a decade.Īdditionally, cash has flooded money market funds at record levels in recent months, with an all-time high of more than $5 trillion sitting on the sidelines. The Ultimate Stock Option Scalping Strategy : r/options. indicator and the 200 EMA as a longer-term indicator on the same chart. For example if using it on a 15 minute chart, then the 200 EMA will be using the last 200 periods from the 15 minute time frame. You can use this on any time frame to find trends or dynamic support and resistance. In a Tuesday note, BofA technical analyst Stephen Suttmeier highlighted that stocks tend to "climb a wall of worry and slide on the slope of hope," and right now there's a lot more worry in the stock market than there is hope. A moving average is the average price of a futures contract or stock over a set. The 200 period EMA is using the last 200 periods of information to create a moving average on your chart. AUD/JPY now sits at ¥90. ![]() The stock market looks poised to surge 10% from current levels as investors are "braced for Armageddon" amid an ongoing debt ceiling showdown and extremely negative investor sentiment and positioning, according to Bank of America. The pair fell 0.5 yesterday after meeting resistance at the 200-Day EMA on Tuesday as weaker commodities, Bloomberg Commodity Index fell 1.1, and US equities, S&P was down 0.6, weighed on the AUD. ![]()
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