The Chart Report

The best technical analysis being done by the best technicians in the world every day.

  • Daily Chart Report
  • Archives
  • About Us

Chart of the Day – Thursday, January 27th, 2022

January 27, 2022 Patrick Dunuwila

Investor sentiment is at historic pessimism.

Worse than MARCH 2020.

Worse than DECEMBER 2018.

Even in 2008 – similar spikes led to violent Bear Market rallies.

And lastly – when investors finally got this negative, the 2000-2002 Tech Crash was *over*. pic.twitter.com/o1fhONVIHC

— Macro Charts (@MacroCharts) January 27, 2022

Today’s Chart of the Day was shared by Macro Charts (@MacroCharts). The S&P is currently down nearly 10% from its highs, but that has been enough to force the bears out of hibernation in a big way. The Bull-Bear Spread from the latest AAII Sentiment Survey just plunged to its lowest level since 2013. That’s worse than March 2020 or December 2018, when the S&P 500 had dropped roughly 30% and 20%, respectively. As Macro Charts points out, this level of extreme bearishness is often seen at market bottoms. Survey data has its flaws, so we want to take this with a grain of salt. But overall, it’s encouraging to see this level of pessimism as the S&P 500 continues to test crucial support around 4300. For a full breakdown of the latest AAII Sentiment Survey, click here.

 

$SPX, Chart of the Day, MacroCharts, S&P500, Sentiment

Sign Up For The Daily Chart Report

Testimonials

If you're not subscribing to the @TheChartReport and getting their nightly recap of some of the great charts shared on social media and blogs, then you're really missing out.

— Andrew Thrasher, CMT (@AndrewThrasher) July 17, 2019

That last tweet was directly from one of my favorite emails each day @TheChartReport Daily Chart Report 📈 Wednesday, August 14th, 2019: https://t.co/5NZjhmgnxR

— Brian Shannon, CMT (@alphatrends) August 15, 2019

Nice work on @TheChartReport guys. Definitely recommend checking it out and signing up for the daily report. Great work as always @Pdunuwila @the_chart_life @AlphaEyeCharts @sstrazza

— Gregory Krupinski (@G_krupins) April 28, 2019

#FF @TheChartReport the best free email I get every day

— J.C. Parets (@allstarcharts) September 6, 2019

Follow @TheChartReport and subscribe to their fail email for great technical analysis. Nice job on the $TSLA piece @Pdunuwila https://t.co/SdNTYsCHNN

— Brian Shannon, CMT (@alphatrends) April 26, 2019

if you’re not signed up for @TheChartReport get your life together bro

— Shane C. Murphy (@murphycharts) August 7, 2019

Love getting my daily market news from @TheChartReport

— Andrew Fieschko (@AFieschko) August 7, 2019

Recent Posts

  • Daily Chart Report 📈 Monday, May 23rd, 2022
  • Chart of the Day – Monday, May 23rd, 2022
  • Daily Chart Report 📈 Friday, May 20th, 2022
  • Chart of the Day – Friday, May 20th, 2022
  • Daily Chart Report 📈 Thursday, May 19th, 2022

Follow @thechartreport

  • Instagram
  • Twitter

© 2022 The Chart Report. All Rights Reserved.

Terms and Conditions