Users: Closing Basis - go with the flow: 161103 - Equities Only Put-Call Ratio with SMA envelopes.jpg

161103 - Equities Only Put-Call Ratio with SMA envelopes.jpg

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Closing Basis - go with the flowClosing Basis - go with the flow
Red vertical lines are OpEx days. I'm not really saying anything with this chart except that extremes relative to the 100MA tend to cause reversals (which would suggest a reversal up sometime in the near future), but not always. In July 2015, a high Put reading was prep for the August decline. 11/3/16
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