personal attempt at cycle review for odds of short term increased volatility with increase in put/call ratio. Past indicator have lead to pullbacks and resets of trend. Had recent new low in ratio would imply a greater snap back. Just personal tracking and thought.
The CBOE 10D Put/Call sentiment shows very upbeat sentiment among market participants. They fear on missing out a year-end rally. Unfortunately, current readings coincided with those near tops during the past 42 months. Larger corrections unfolded shortly after the reading and further upside was limited at best.