The CPC gave a whole cluster of warning signals
Updated
A reading above 1.20 shows extreme bearishness among speculators and can indicate a good time to buy stocks for the short-term. A reading below 0.80 shows extreme bullishness and could indicate a good time to sell.
Trade closed: target reached
It's hard to see that the market going to meltdown even more, and even if it did 2800 will be a place to buy. I would start to take positions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.