The Bullish Percent for SPX reached 80
The Bullish Percent for $S&P 500(.SPX)$ reached 80:
In the last 3 years it has preceded a pullback, as pointed by red arrows. There have been pullbacks also after losing 70, as pointed by yellow arrows.
Does it have to be a crash? no, but it suggests patience and risk management.
The put to call ratio is another chart to watch, get access here👇and form your own criteria.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$
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https://twitter.com/SmartReversals/status/1842626089505435982
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