Why is the fear and greed index stuck at 90 and oscillating???
Every day I wait for the market to acknowledge its mistakes and slap me in the face, but this index just won't break 90, making the 'emotional divergence' discussed in the citations impossible to disprove, it feels so frustrating...
The new price highs don't seem to have stimulated any rise in market sentiment, I never expected that in a bull market where new highs are continually being made, the market's perceived sentiment would be so low...
The fundamental reason may still be that most people are simply not on the bus, or they are all busy chasing dogs?
Regardless, if the price sees a significant pullback in the future, this can be viewed as a standard extreme divergence; I sincerely hope the market brings some volatility, either to eliminate this top divergence or to smash down and create some market movement, it's been really boring lately!
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