I use the "OEX" CBOE S+P 100
as an overall market confirming Trend Index
Comprised of the 100 largest capitalization companies on the NYSE and Nasdaq,
the OEX is a "proxy, and broad range"for United States cooperate performance.
This past week...
the OEX broke out to an historic all time high closing at 1547.90,
clearing the Feb 2020 top, prior to the onset of the pandemic.
.
Traders should look for any pullback in the OEX to Buy,
although the market is not giving you that opportunity now.
With a complex bottom being formed in the CBOE Put/Call Index,
quantified evidence on the OEX shows a very bullish" and significant upside market breakout.
THE_UNWIND
8/8/20
NEW YORK
as an overall market confirming Trend Index
Comprised of the 100 largest capitalization companies on the NYSE and Nasdaq,
the OEX is a "proxy, and broad range"for United States cooperate performance.
This past week...
the OEX broke out to an historic all time high closing at 1547.90,
clearing the Feb 2020 top, prior to the onset of the pandemic.
.
Traders should look for any pullback in the OEX to Buy,
although the market is not giving you that opportunity now.
With a complex bottom being formed in the CBOE Put/Call Index,
quantified evidence on the OEX shows a very bullish" and significant upside market breakout.
THE_UNWIND
8/8/20
NEW YORK
The CBOE Put/Call Ratio is "Inverted."
Thus the complex bottom being formed in this indicator
is potentially a very bearish, intermediate/long term omen
for the US stock market
This ratio signifies too much optimism,in index call buying
which is bearish in contrary analysis.