Wed June 3 2020
Yes I know I had about given up but, I suspect we had a throw over today.
The put call ratio is fear versus confidence. At low levels confidence is winning. Here the ratio has returned to the Feb 12 high but several thousand points below that level. Note the low level of PMO.
Bullish Percent
Notice that PMO is declining while the index is peaking
Believe it or not this market should reverse in the next day or two.
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