CPC Put/Call Ratio Daily Chart

CPC showing that the broad markets washed out today.  When the put/call moves above 1.2, that indicates that the negativity is far too skewed towards the bear side so the markets typically want to reverse and rally, just like all the other green circles. Further on, look at the higher price printed today compared to a week ago. The higher high comes with all the indicators negatively diverged, so the ratio will move back down. This chart favors a snap back rally for the broad markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on the links associated with this site. Consult your financial advisor before making any investment decision.