CPC Put/Call Ratio Daily Chart Signals Significant Market Bottom At Hand

Fear and panic is back in the markets with the CPC up to 1.45. It took a while but the complacency that identified the market top in May-June has now given way to fear that will create a market bottom like last October. The SPX failed the critical 12-month MA at 2049 which forecasts serious market trouble ahead, however, the put/call above signals a tradable bottom for the short term.

So the expectation is for stocks to bottom tomorrow or Friday, or early next week, then rally, then weakness will likely reenter again in August forward. So keep your eye out for a bottom in the stock market at anytime in the days ahead since fear is running high. Selling may continue, if so, the fear will increase and the CPC will keep spiking higher. This will provide more conviction to jump in on the long side; run towards the fire not away from it. Eyeballing the chart for last October compared to the SPX last October indicates that the high spike in CPC identified the market bottom that occurred 1 to 6 days later. 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.