The put/call ratio has made a bullish spike yesterday indicating the market is finally ready to head down:
In the past I have seen the market top without such a spike but it gives important confirmation to my short bias whenever present.
I think a bigger rally is a sell today. I also expect significant weakness to be followed through.
2 comments:
Adi, thanks for the update. I am still worry about POMO issue...that really could bring the market down at this point? Any dip was bought by someone here.
Tony
Tony,
I think the market can fall even with POMO. Dips are bought several times at the top before the market breaks.
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