The moderately bullish projection of 57.7% “higher” to 42.3% “lower” for the period of March 24-28 turned out to be incorrect as the S&P500 ended down 1.86 points for the week.
This week we are back to a slight bearish sentiment for the main question:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; March 30 – April 4)
Higher: 48.6%
Lower: 51.4%
The slight bullishness of last week turned out to be incorrect as the S&P500 ended down 2.78 points for the week. This week however is showing a relatively strong bearish sentiment:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; February 24-28)
Higher: 41.2%
Lower: 58.8%
This week’s bullish sentiment slightly beat out bearish in the form of “Higher” answers to this week’s main question:
Would you guess that the S&P 500 index will move higher or lower next week? (from Monday’s open to Friday’s close; February 17-21)
Higher: 53.6%
Lower: 46.4%
This is a relatively small difference compared to previous weeks.