“Currently, the Put/Call Ratio for the $NDX top 5 weighted names (40% of the index) is telling us that the market is extremely greedy – everybody is on the same side of the trade.”

Great chart from @JC_OHara_, Chief Market Technician at MKM Partners, interviewed at Bloomberg:

"Currently, the Put/Call Ratio for the $NDX top 5 weighted names (40% of the index) is telling us that the market is extremely greedy – everybody is on the same side of the trade." pic.twitter.com/Dh8K0jeBqU

— Macro Charts (@MacroCharts) June 30, 2020

https://twitter.com/TommyThornton/status/1277960101643661312

https://twitter.com/NorthmanTrader/status/1277942443355377664