put/call cboe looks like value to the downside crushed

PUT/CALL RATIO (EQUITIES+INDICIES) - CBOEUSI

Description

⋅ Jun 1, 2022 10:25 PM

put call ratio is showing a daily period of distribution in put spread that could end up being bullish for the broader market
we have hit descending TRAMA and AO has turned negative so the trend is toward call