“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 … Read more