CPCE Put/Call Ratio Daily Chart Signals Near-Term Market Top At Hand

The low put/calls indicate a market top at hand at anytime in the days ahead. The low CPC under 60 was highlighted last week (scroll back to study the prior CPC and CPCE charts). The near-term top can occur at anytime in the hours and days ahead. The CPCE drops down to 0.55 matching the low from last week. That prior 0.55 low corresponded to the pull back in stocks on Wednesday afternoon, however, the joyous NFLX and GOOGL earnings, along with the typically bullish Fed  semi-annual Congressional testimony goosed stocks higher to end the week.

The red circles show market tops due to complacency and lack of fear and the green circles show bottoms due to panic and fear. There is a tradable market top occurring now and picking a spot for a short trade in the hours and few days ahead appears prudent. 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.