Put / Call Ratio: Spiking

FN: During extended period of Bullish sentiment, the Put/Call ratio drop significantly and stayed low... with the 20 and 50 period EMAs (blue and red lines) sliding well down to 0.85. When these shorter EMAs move up thru the 200 day EMA (green line) after a prolonged stay below, a trend change in equities is foreshadowed.

During this massive Bear market rally, the Put/Call ratio dropped to significantly and stayed there. It has now pushed decidedly higher and is that much closer to signaling a trend change. The top equities is in.