The Put/Call ratio is low and getting to a point where the market usually changes direction. The long side could run out of strength, and we could see a reversal. We then look at the internals and see they also confirm some weaknesses. The Nasdaq (QQQ) also shows an inverse trampoline move, be careful on the long side.
Let’s look for a pullback and see where we go from there. My Moxie Indicator™ Mastery Program members learn how to combine fast-moving signals and track movement as the market makes history. Join us as we track the profit opportunities!
Your Profit Pilot, TG