As a simple Contrary Indicator,
the Put/Call Ratio reveals trader sentiment,
and can be used as a confirming contrary indicator,
to buttress market future direction
Right now the number of puts being bought for either speculation or hedging is rising,
heading back up towards the Dec 2018 and April 2019 put peaks,
which corresponded in major price bottoms in the...
On thing about today's move. This ratio is telling us not all the bears jumped ship yet. We are not at extremes suggesting this move in the indices has room to continue hire.
see weekly chart. Fear and greed meter is skewed. Talk is cheap. Sooo many put buyers, well, if we don't drop hard, the spike up could be historic. What to do, what to do, what to risk.
