Market Sentiment Still Extreme Fear – Bottom Not Confirmed
Despite today's rally, the Fear & Greed Index remains at 11 (Extreme Fear). Analysts caution that we haven't seen the cycle low yet, as the Fed is still uncertain about rate cuts. Additionally, the US Nonfarm Payrolls data (coming Friday) could cause more volatility. So, while today's bounce is welcome, it may just be a "dead cat bounce" in a broader downtrend. Stay defensive; avoid chasing the move. Wait for clear trend reversal signals.
My take:
· Stay cautious.
· Use small position sizes.
· Wait for Friday's data to confirm direction.
Not financial advice. Always do your own research.$RAVE #US June jobs report weakens #Palantir criticizes AI token pricing #Scattered Spider hacker extradited #Trump crypto income disclosed
