Member
Posted 20 January 2016 - 11:49 AM
The equity put to call volume ratio is usually an indicator of sentiment. Usually peaks near the bottom as the crowd becomes more bearish at the bottom.
The market continues to fall however the last couple of days the put/call ration has dropped dramatically. I wonder if the crowd is getting bullish near the August bottom trying to front run a bounce. If this is the case we I think we don't bottom here but go lower. Any thoughts?
Member
Posted 20 January 2016 - 12:29 PM
The bottom will fall out shortly.
Member
Posted 21 January 2016 - 10:56 AM
we don't bottom here but go lower. Any thoughts?
The bottom will fall out shortly.
Yesterday the SPX put in a very clear ST double bottom at 1811 and this morning the SPX put in another ST
bottom at 1850 which was confirmed by a higher low pivot point at 1852.64.
