The Chart included
shows the level of Put Volume PVSPX on the S+P 500
Note that the pattern shows
that despite breaking to new price lows in late 2018 at 2346,
the actual level of put buying did not reach the spike high in Feb.2018,
when the S+P low was at 2532.
That is called a divergence and in this case I believe
it may ultimately resolve itself with a New Years rally in the S+P 500,
supported by 4th quarter earnings in 2018, that may exceed what the majority are expecting.
THE_UNWIND
1/1/19
NEW YORK
shows the level of Put Volume PVSPX on the S+P 500
Note that the pattern shows
that despite breaking to new price lows in late 2018 at 2346,
the actual level of put buying did not reach the spike high in Feb.2018,
when the S+P low was at 2532.
That is called a divergence and in this case I believe
it may ultimately resolve itself with a New Years rally in the S+P 500,
supported by 4th quarter earnings in 2018, that may exceed what the majority are expecting.
THE_UNWIND
1/1/19
NEW YORK