PUT CALL BUY SIGNAL MAJOR SP 5760/5880 The chart posted is my 20 day put/call . We have now reach a .50 % of the drop in QQQ and we have broke above .618 and 50 % of the drop in the sp 500 cash . We are alos forming clean 5 waves up patterns based on this chart in the put /call alone I must view the correction as OVER I had saw a chance to drop into 8/12 but the structure has turned up . Once we break above todays high n on a closing basis I will look for the min of a .786 to re think . Wavetimer
Put-call-ratio
PUTWRITING DATA One would think this is a think to watch ! And everyone is moving long Calls in the data and now leveraged in 3 x times ETF that it would be the greatest way to profit from a sure thing RIGHT ???
PUT CALL BUY SIGNAL is been given The chart posted is the 5 ,10 and 20 day p/c model The green flag is up this should lead to the final rally of 2023 to peak on or about sept 10 th target is 4666 ideal but from 4631 to 4731 will be there I will exit ALL LONGS THIS IS THE LAST WAVE UP . I then see the break down which should be rather steep and prolonged in a very deep recession as the deflationary cycle is and will be clear based on my work in money velocity . The consumer will be contracting and spending habits will drop very fast due to the paying back of student debt and housing deflation in the rent markets .
I now have a PUT/CALL SELLThe chart posted is that of the p/c model last week I said I had a BUY signal and to which I was given so much grief from traders It was spot on and all alt targets met and the 17 day shift from 2018 called for the peak on or about july 17 .I now have moved to a net short looking for a very sharp drop or worst into aug 25th I am net long march and feb in the money puts in QQQ and SMH . best of trades WAVETIMER
PCC - Options Volumes 71% DeclineLiquidity within Leveraged products was used to provide
a bid for the Underlying on Gamma/Delta.
With the overall decline in participation, we are seeing
Micro Range Squeezes develop when it is "Time".
Friday's trade was a run to Square, and with the Retail
Options players levered up in 420 Spy Calls... there was no
chance they would be paid.
The PCC remains useful although in a tighter range from .86
to 1.12.
Looking over the June 17s - "an Entity is looking for a deep correction of 20%+"
maximum-pain.com
