NASDAQ Fear/Greed
A few months ago I discussed the astronomically high Bloomberg Fear/Greed indicators for the NASDAQ 100, NASDAQ Composite, and various growth indices. The recent pullback caused the Fear/Greed indicators to swing the other way away from extreme greed:
The NASDAQ 100's Fear/Greed indicator is at -450. This occurred 3 other times: 2000, 2018, and March 2020. All 3 historical cases led to a rebound in the NASDAQ 100 over the next 2-3 months:
The NASDAQ Composite's Fear/Greed is at -430.
Once again, historical cases led to a rebound over the next 3 months: