Tuesday, November 24, 2020

CPC and CPCE Put/Call Ratios Daily Charts; Significant Stock Market Top is At Hand




The bullish euphoria is off the charts. Traders and investors are giddy, drunk as skunks off Fed wine, and shooting-up with vaccines, buying any stock with a heartbeat. It is entertaining to watch. All you need to know is the comeuppance is near, very near. Plan accordingly. The low put/calls indicate a significant stock market top is at hand right now.

Throw the longs overboard and bring on and add to the shorts. Short all rallies ahead but as the previous SPX 2-hour, daily and weekly charts indicate, with negative divergence, a top is occurring now in all three of these time frames, so short regardless of a rally or not. The NYHL also signals a top in the stock market. All the stars have aligned. The bears only need to blow on the stock market and that should cause it to fall over. 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.

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