Keep them close by.
This is not a trading indicator, but verifying indicator.
Chart posted is that of the weekly put/call based on 5 ,10,20 week near and record call buying .I maintain a full short from 3744 and will add today at 3824 I am long US $ NOW BEARISH GOLD AND SHORT ALL BANKS NOW
not confirming a bottom. below .6 not reliable. wish you all the best
Just and FYI that we are at the bullish extremes on both the P/C and the SKEW. So we have reversion to the mean risk right now.
CHART POSTED IS A CLEAR WARNING TO BE RESPECTED SEE TOPS 1973 2000 2007
This is not a trading indicator, but verifying indicator.
In the past tow years was quite successful indicting the pullbacks are in progress except ONE time when it was lagging. wish all safe trading.
I love me a good BTFD but there are 2 calls for every put rn and the economic data is not there yet. We are overdue for some pullback.
Just a few numbers for you. The green vertical lines are the two lows on the 50-day moving average. On February 21, that average printed 0.752. Today it printed the lowest day since that day, 0.744. Today's actual , not-averaged number, was 0.583, the lowest day since June 8th, which was our last big pullback. So, we have four numbers and three tops:...
The P/C ratio hit absolute extremes which historically suggest a market top a few days ago and the overall structure over the past two weeks resembles the Feb 2020 top to the day. With the QQQ overload, I can see clearly that the tsunami mays just around the corner, exactly as an important resistance line is about to break and everyone about to jump on the bull train.
Here is a chart of the put to call ratio when compared with NASDAQ's ETF, QQQ. When the line is at the bottom of the PC chart, that means market participants are net short. When at the top, they are net long. I'm sure we've all heard the saying that market makers usually take the other side of the trade. This chart shows that this is a true. When stocks are...
This is a chart of the put to call ratio. The market is currently near an extreme of sellers to buyers indicating there will likely be a shift soon. If everyone is shorting the market, institutions are buying to stop out the shorts. They'll continue to do this until this strategy doesn't work anymore. Once sellers capitulate, they'll change their strategy to...
No seem to learn Rinse and repeat so traders traders I covered my short but I will be moving back into a 75 % net short if the can pull off one last gasp from 2712 to 2739 .BUT WE MAD HAVE ALREADY FINISHED THE ABC RALLY .I still see a lot more pain next cycle low is any where from april 23 to may 10 we will see a retest at a .786 or a new low by...
The chart posted is one of my best tools we are close to the I.T. and LONG TERM BUY