The chart above depicts the total put/call ratio against the SPX. Note that at Friday's close, while the market has made higher highs (above the green horizontal line), the put/call ratio has moved slightly down (up in value but down on my chart). This suggests this rally will continue in the following days. I am holding my longs until the ratio makes a bullish spike.
2 comments:
Today is 12/4/2021, after almost 11 years, I finally understand the Pull/Call cart which this talented blogger using. So many possibilities of interactions: including the length, strength, sometimes the oppositive psychological approach. etc. So flexible and it becomes even more powerful combine with my other indicators. thanks! really appreciate your post!
Hi Tony,
Glad to see you still find inspiration in my blog.
Thank you for the comment.
Post a Comment