CPC Put/Call Ratio and SPX S&P 500 Daily Charts; Complacency Signals Near-Term Top At Hand

The CPC put/call ratio drops to another uber low number at 0.65. The put/calls have been printing low numbers but the pullbacks are shallow. The bullish momentum is strong as new money enters the market for the beginning of the year especially into the tech and FAANG stocks. This euphoric joyous party is reflected in the 0.65. Complacency is rampant with no one thinking a market pull back can occur, and that is when it occurs. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.