Attaching two charts, Put/Call and S&P weekly. Looks like we should get at least about another 50 points to the upside to revisit the scene of the crime and "see what happens". The world is not melting down and the OMG bear market news is old hat, it's an old story and the people guessing a top continue to get hurt. No short signals yet. The market is definitely extended, so caution is advised, but I would not short.
The circles on the P/C chart are noting some similarities to the movement of the S&P and the P/C chart.
Still trying to get to where I can post regularly... may not be for a couple months.
The $$ right now is trading individual stocks.
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