Founder's Trading Journal by 0 Comment The CBOE Put/Call Ratio is at 1.74 ($PCall on TOS), a level associated with the March 2020 Covid Panic low, And exceeding every peak since then. Given that we are in the 80-day cycle trough, a short-covering rally might materialize soon. CNN Fear/Greed Sentiment has also returned to the “Fear” Mode. I cannot say how long the rally would last, but it could run a few days into year-end, per the Master Cycle forecast, and 3800 has been providing solid support for now. I am not saying buy or sell, nor do we have a buy signal yet, but the put/call ratio at these levels usually signifies that an intermediate low is near. A.F. Thornton
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