Equities are looking a little frothy, the 9 ema of the total put call ratio is throwing up caution signs.
This historically shows that everyone who wants to get long is, or is very close to it, i.e. buyers = drying up
A period of consolidation/ profit taking or even a full blown reversal are all on the cards, the only saving grace is that the skew is not signaling an attempt to hedge a 2 std deviation drop from current levels.
This all suggests that any drop from this point, barring news, would constitute a buying opportunity.
This historically shows that everyone who wants to get long is, or is very close to it, i.e. buyers = drying up
A period of consolidation/ profit taking or even a full blown reversal are all on the cards, the only saving grace is that the skew is not signaling an attempt to hedge a 2 std deviation drop from current levels.
This all suggests that any drop from this point, barring news, would constitute a buying opportunity.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.