put call data

As you can see below, the put call data is telling us 2 things.

1)  There are lots of people thinking this is a bottom on the market, as people have been buying calls - or betting the market will go considerable higher from here. 

2) The bulls have not got enough power to give us a  nice bounce on the market. 

It seems the bulls have lost their mojo here, and we are thinking the market is still feeling pressure here.

put call data

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