Stock Market Sentiment at ‘Extreme Greed’

Current Position of the Market SPX Long-term trend:  Uptrend continues. SPX Intermediate trend:  A minor reversal at 2300 has been followed by a resumption of the uptrend targeting the 2400 area. Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
The Market Oracle

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