Put Call Ratio and other oscillators update today. The Emini closed down 4.75 points at 1327.25. However, this understates the strength of the late day rally. Volume was also the largest in the last 17 days at 2.8 million contracts traded.
Looks like the professionals are accumulating but I don’t think we’re going to rally straight away. I’m still waiting for an "end of trend" move in the 27 and 45 minute time frames (ie. final push down). With that in mind the chart below might be interesting.
Put Call Ratio etc. (Emini daily)
The Put Call Ratio and other oscillators are all approaching over-sold levels. However, they are yet to turn up. The Put Call Ratio oscillator is labeled "Better PCR Osc" in the chart above. The other oscillators are the TRIN, Smart Money Index and Hilbert Sine Wave.
You can read more about the Put Call Ratio here. Good luck with your Emini trading.
