The VC PMI artificial intelligence is telling us that the market has a bearish sentiment, but the moving average is bullish so it is a bit of a neutral signal.
If the market comes down to 2789 to 2765, it is a very strong buying opportunity harmonically, with the daily, weekly, and monthly signals aligned at the B1/B2 levels.
Mean-reversion trading seeks to capitalize on extreme changes in the price of a particular security or commodity, based on the assumption that it will revert to its previous state.
The VC PMI is contrarian, so it advises buying when others are selling, and selling when others are buying.
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