from King World News
One thing you can count on in 2024; expect market distortions to get much worse from here.
Expect Things To Get Much Worse
May 7 (King World News) – Gregory Mannarino, writing for the Trends Journal: MMRI, Mannarino Market Risk Indicator. Free and available to everyone at https://traderschoice.net/about-traders-choice/
Back on 10-19-2023, the MMRI topped out at 329.2, its all time high with regard to market risk. (See circled area on the image below). On that day, the DJIA fell 250 points, with the other major averages also lower. In the run up to the MMRI peaking, the stock market/DJIA suffered a series of losses after topping out at 37,710.