Is this level of pessimism justified ?

Name: Is this level of pessimism justified ?
Uploaded: 2022-12-31T19:52:22.721995
Channel: markethunter888
Description: The put/call ratio is at extreme levels which is reflecting a very pessimistic sentiment in the market. Typically, this indicator is to be used as a contrarian signal which means some sort of a major bottom could be forming over the next couple weeks.

PUT/CALL RATIO (EQUITIES+INDICIES) - CBOE (USI:PCC)

USI:PCC PUT/CALL RATIO (EQUITIES+INDICIES) - CBOE

Oscillators putcall PCR sentimentalanalysis

oscillator putcall pcr sentimentalanalysis

The put/call ratio is at extreme levels which is reflecting a very pessimistic sentiment in the market. Typically, this indicator is to be used as a contrarian signal which means some sort of a major bottom could be forming over the next couple weeks.

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