I'd love to see where you are getting that from the charts, the market doesn't go by feelings... Just saying.
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I'd love to see where you are getting that from the charts, the market doesn't go by feelings... Just saying.
Many people make their trading decisions based on emotions. Fear, greed, etc.
Oh I get it, I did in the beginning too. I lost money that way. No successful trader, at least ones that do it as a business trade on emotion. We trade based on the data given.
Things like the fear and greed index are okay for cycle tops and bottoms, but on a day to day, absolutely useless. Volume is a much better indicator.