Market Pulse on February 27th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2978,76 -137,63.

The rout deepenend with wave of sellings hitting the market, especially at the opening and at the closing of the market. The supports at 3050, 3000 have been smashed and the next one lies at 2900. Our indicators are improving rapidly reflecting the growing fear among investors and traders. Our fear/greed index and our capitulation index have entered into the green zone. Put/call ratios and our buying/selling index have not reached yet extreme readings associated with major bottoms.

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