The market has paused to start the week, but there’s no denying that bullishness has made a comeback.
Here’s SPY:
At the same time, Fear has started to subside:
And if traders are getting more greedy, what does that mean?
More trading.
And if there’s more trading, who stands to benefit?
Cboe Global Markets (CBOE).
Here’s that chart:
It has stayed above the 30-week SMA for many weeks and now is surging toward a breakout level as fear has turned to greed.
A break above $234.37 could lead to a big run.
We’ll keep an eye on it.
Happy trading,
Scott
P.S. Geof Smith tells us that U.S. debt is out of control. But he’s sharing a genius way to play it!
