PCQI vs NAS: How often are bear's right? Not much.
I went back 7 months to check what traditionally happens the day after PCQI (NQ Put/Call) hits 1.00 or higher. If the next day was green I made the line green, etc. Out of the last 18 times, Bears got the next day right only 3 times. So 16% correct. 2 of those times the PCQI was at 2.0, so Bulls were also shorting. Meaning when PCQI only hit ~1.0 Bears were only right about the next day 5% of the time.
Also remaining really high at close is usually the sign of a bear trap. Real crashes usually peak early and sell off as bears cash in. So I'm a calling a Green Monday. Add to the fact we're at the bottom of the 1yr bull channel and didn't get close to touching the 100D ema. Until the bull channel breaks, I will respect the trend. Many people worried about the Treasury's extra cash and assume JPOW is gonna rate rates, but that's not a foregone conclusion.
Also remaining really high at close is usually the sign of a bear trap. Real crashes usually peak early and sell off as bears cash in. So I'm a calling a Green Monday. Add to the fact we're at the bottom of the 1yr bull channel and didn't get close to touching the 100D ema. Until the bull channel breaks, I will respect the trend. Many people worried about the Treasury's extra cash and assume JPOW is gonna rate rates, but that's not a foregone conclusion.
Not
Don't b'leeeed me just watchNot
This is my current position for transparency. i.imgur.com/4hO8mNG.jpg
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.