markethunter888

Market EXTREMELY complacent right now; long VIX

Long
CBOE:VIX   Volatility S&P 500 Index
"Be fearful when others are greedy" - Warren Buffet.
More applicable now than ever !

I've looked at the put/ call ratio as well as VIX which reflect extreme greed and a broken market. This type of euphoria that "stocks can never go down" is only a belief of dumb money and a strong indication of a top.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.