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markrivest
Sep 19, 2022 9:07 PM

A Crowded Bear Trade 

PUT/CALL RATIOUSI

Description

On 09/16/22 soon after the SPX made a new correction low, the Put/Call ratio hit its highest level in over a year.
This indicates a huge amount of money buying puts - a bet on more downside action.

Today on the open the SPX bottomed just above the 09/16/22 low.

This is a cowded downside bet - frequently this situation is the prelude to a change in market direction.

Mark
Comments
lauralea
Thank you. I learned something new to look at for market direction. (o:
wolffarchitecture
Absolutely nice call
markrivest
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