No. of Recommendations: 2
> fyi, CNN Fear and Greed Index has pretty much been at Extreme Fear this week. Last week it was on-and-off, with intraday Extreme Fear, until the last two days. As said, I follow the ROE_Cash screen, only because of familiarity with the stocks. I put limit on the gaps of the stocks in the screen, and sometimes the Volume Price bar, another support/resistance indicator. The stock tends to go down after purchase, but recovers again. Usually. :P
Posted that a month ago. The Index has since moved to Fear / Neutral, yet the markets have only recently gone down. This is the *same* behavior I noticed back in March: The index reaches Extreme Fear then the market soon corrects. So, today, with an 1.1% drop in the S&P and 1.8% drop in QQQ, my QQQ buy limit triggered. If you look at QQQ with the Volume Profile indicator, you'll notice it broke under a Volume Profile band a few days ago, and there's another wide band below it.
QQQ:
https://x.com/ced1106/status/2001474275061174444 