Well the Equity p/c signaled a top in 2015 and I was watching for it then. I don't use that chart much,
only at certain points because there aren't many signals. As for Renko, it's tough trading it with options
unless you buy a month of time and then the gains are muted if not lost. This latest move up made me want to
load up on long term calls, so sentiment wise I think selling is probably the right trade. I still try to front
run the daily sell because it's a bull market and the sell can quickly be bought back up, causing a big
drawdown if I waited for the turn.
Basically I use momentum indicators, internals and intermarket divergences, a lot of times the trade
starts out good but then the market turns way before I expected.