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Just pointing out, PCQI, Put/Call ratio is the 4th highest in 2yrs at least. In past backtests I discovered bears are wrong about 80% of the time on PCQI. So A whole lot of bears got smoked if we went up 200pts and P/C went from 3.66 to 1.33.
2
Bears think twice about calling top so soon on a pa chart. 13686 supp for sloppy bull price action theory
3
This is long term, so don't pay attention to the future part of the chart. Just a general price action guess based on just the chart.
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