The put/call ratio is suggesting more upside, since yesterday, after a big move upwards, the ratio decreased on my chart:
Yesterday also showed some weakness, with the upside volume only 88% of the total NYSE volume. This is characteristic of a top formation.
If the market is not ready to top at the recent highs around 1340, I will be looking for something like this:
2 comments:
Adi, thanks for the update!
Meanwhile, I would like to ask you one question (maybe dump): Since I never ever trade future, here is what I got: if you buy 1 contract and makret move your diretion 1 point, you will make $50(have to pay commssion)...is that correct?
many thanks
Tony
That is correct, Tony
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