Is the market started to make profits?

In one of the television interviews, Warren Buffett the most successful investor in the financial markets was asked about the most important reasons for his success in this field, where he said “Be greedy when everyone is afraid and be afraid when everyone is greedy” and therefore one of the most important indicators that must be monitored during making trading decisions is the index Or the fear index that expresses the feeling of traders in the stock market, especially the S&P 500, as if we notice below a daily chart for the S&P 500 index and below it is the fear index.

And if we notice the fear index when it approaches the level of 11 or less, which expresses the confidence of traders in the market, the market witnessed a violent correction, or the market was close to a new peak and was accompanied by a decline, after that happened at the end of April of 2018 and the S&P fell Nearly 5% of its value, then the end of July of 2019, after the index formed a new historical summit at the level of 3029, then it fell nearly 8% of its value, and with the end of November of this year 2019, the market fell nearly 3% in just two days when The fear index was moving around level 11 so we advise traders in the stock markets to exercise caution in the days to come. This year, the markets may witness profit-taking after the big increases in the last quarter of the year, which may lead to a corrective decline from the current levels.