Put call ratios, as a contrarian signals, we could be close for
a bounce, I have put some notes on my charts to remind myself. The
2nd chart overlays spy, but it messes up the PC ratio scale.
Fundamentally there is still not much indication a a bear market
so some analysts say we are still heading to new high after this
correction, but technically it shows all the signs of a stage 3
top. Let's see how things go 1 day at a time.
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Put call ratios, as a
Posted by sydney on 22nd of Jan 2022 at 01:35 pm
Put call ratios, as a contrarian signals, we could be close for a bounce, I have put some notes on my charts to remind myself. The 2nd chart overlays spy, but it messes up the PC ratio scale.
Fundamentally there is still not much indication a a bear market so some analysts say we are still heading to new high after this correction, but technically it shows all the signs of a stage 3 top. Let's see how things go 1 day at a time.