Sentiment – 5-Day U.S. Put/Call Ratio Composite
Sentiment – 5-Day U.S. Put/Call Ratio Composite The rise in the 5-day put/call ratio indicates a shift from complacent levels, but the dominance of call volume suggests that the rise may not be climactic. While the market is becoming more cautious, it is not yet in panic mode. Image: BofA Global Research