INDICES : the market is not afraid, we are!
​We once again want to outline that this market is dangerous. We do not ignore the important supports that have been joined recently, and are causing a bounce. But we know that a downtrend cannot end without at least one panic, and we did not have any so far. Some sentiment indicators built from polls have shown extreme pessimism. But put/call ratios are not extreme. They are not even rising !!! This is a real problem. In the past, we have noticed that money flows matter more than words when it comes to financial market direction.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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