#Gold is experiencing a sharp sell-off at the moment. What are your thoughts? I see the next #target just above 4,000, and potentially down to around 3,150 if we break below the 4,000 mark. Hoping for a bounce in the 4,100–4,000 range. #goldbear
Finally, the pullback in the #market. A desirable target would be around 27,800 on the #NASDAQ, for instance. Yes, I am generally #bullish, but healthy retracements are necessary from time to time. Have a great evening.
Investors are getting more optimistic about the market. A seven sentiment composite we follow is near its most negative reading possible. The only other time it has been as bearish (too much optimism) in the last five years was in June 2024. While the S&P finished that year higher, there was an 8.5% drop in July-August of that year that helped relieve some of that optimism. This is converging with a very low put volume reading (which is another sign of investor optimism), and a cycle headwind (see charts below). While our longer term sentiment readings aren't yet showing signs of a major top, a pullback should be expected to relieve some of the near term optimism.
$VIX (S&P500) is surging past the critical 30 mark today. 📈
Last times we hit these levels of market stress:
🔴 Mar '23 (SVB Crisis)
🔴 Aug '24 (Yen Unwind)
🔴 Apr '25 (Tariff Crisis)
Market still open. Are you buying the dip or hedging your portfolio right now? 👇 #StockMarket
📉 Markets under pressure today
NASDAQ & S&P 500 sharply weaker.
This is not what a year-end rally looks like.
📉 All-time highs are drifting further away.
⚠️ Volatility is back in the driver’s seat.
😨 Fear among traders is spiking.
#Markets#NASDAQ#SP500#Volatility
Volatility back on 🔥
NASDAQ volatility is now as high as in April — Liberation Day levels.
Markets are swinging hard, confidence is evaporating, and fear is creeping back in.
Bulls and bears fighting for every tick.
#NASDAQ#Volatility#LiberationDay#Markets#TechStocks