The bottom line, the short-term trend is up but I hold no position overnight as I see very strange, well, scary to me, things today: The CPCI (index put call ratio) skyrocketed high. To me (I don’t care if it’s a single trade or a data error or a couple of months later put which could be bullish, etc etc), this means something is going on, those big guys bought huge put to hedge their current positions, who always know something ahead of us retailers. So be careful here!
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