just an observation. $SPY vs $IEF / $HYG

Updated
Appears we are running out of risk appetite. Put also looks like we have built a very nice base for a significant move higher. Hopefully, that's a risk on move, not a risk-off move.

Personally, I believe we have already corrected in each individual sector, it just didn't happen all at once like it normally does.

According to this, risk aversion and sentiment have been flat in a range for the past few months according to IEF/HYG.
Note
snapshot
Note
running out again
HYGIEFriskriskaversionriskoffriskonSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysis

Also on:

Related publications

Disclaimer