Panic drops to 9, a rare moment
The latest data is out——
The market's fear and greed index has fallen to 9,
compared to yesterday's 12, it has dipped again,
still within the 'extreme fear' range.
Simply put:
Most people are scared right now.
This index doesn’t come randomly,
it combines several dimensions like volatility, trading volume, sentiment, and search popularity.
When sentiment is pushed to such an extreme position,
the market often reaches a 'critical point'.
Many people will make decisions in panic,
and some will start to rethink at this time.
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