it's at 1.3! Usually you see these readings when the market is in a free fall. In the face of strength like today this is actually supportive for the market. Therefore, I'm backing off my 1 day bear spec trade for now because the trade appears far too crowded. Ya, I know it's tripple witching which may cause some distortions in any p/c ratios but I can only go by what I see not guess what "may be" the case.
I'll be watching for changes in this
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