BEARS BEWARE: Here Is What Both The Bulls And Bears Need To Be Aware Of Right Now
BEARS BEWARE: Here Is What Both The Bulls And Bears Need To Be Aware Of Right Now – King World News
As markets open for trading across the world after a long 4-day weekend, here is an incredibly important look at what both the bears and the bulls need to be aware of.
King World News note: Below is a tremendous piece that Jason Goepfert at SentimenTrader wrote at the end of last week’s plunge in the Dow that predicted stocks would rally and rally they did. It’s an important piece because it has some key charts that accompany it. Yes, Jason correctly predicted that stocks would rally — but it’s the big picture that really matters.
From Jason Goepfert at SentimenTrader: The uptick in fear is “irrational”. Options traders are pricing in future movement in the S&P 500 that is more than twice as much as it has been moving lately, and they expect that movement to begin imminently. When we’ve seen that combination over the past five years, stocks rallied strongly in the days and weeks ahead…