This index reached its highest possible reading on September 1
The bond market has already turned into an absolute horror show (Oct. 5, Markets Insider):
The collapse in Treasury bonds now ranks among the worst market crashes in history
I wouldn’t be surprised if the stock market was next. You can learn why via a 1-week Test Drive of our Financial Forecast Service for only $27, which you can get by following the link below.
But, first, I’d like to give you at least a glimpse of why the stock market looks quite scary for the bulls right now.
Here’s a chart and commentary from our October Elliott Wave Financial Forecast:
Even after [Elliott wave] highs in the major stock indexes, the Risk Appetite Index [from SentimentTrader.com] continued to rise. On September 1, the index hit 1.0, the highest possible reading… As the chart shows, the September 1 level is higher than the prior extreme of 0.95, which last occurred in April 2021 as the fever for speculative financial instruments reached its zenith.
Our Elliott Wave Financial Forecast also offers very specific Elliott wave analysis of the stock market, so you can get clarity on the magnitude of what to anticipate next.
Now is the time to get ahead of the crowd — and stay that way.
Take advantage of our very limited-time $27 Financial Forecast Service test drive by following the link below.
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Elliott wave analysis identifies the main trend — plus, it indicates high-confidence price levels for the startof countertrend moves, and in turn, their completion.
This applies to all widely traded markets — like stocks, bonds, gold, silver, the U.S. Dollar index, etc.
Get our forecasts for major U.S. financial markets now via a 1-week Test Drive of our Financial Forecast Service for only $27.
Prepare ahead of time for potentially big price moves by following the link below.