The Three Day Trading Indications Point to Likely Significant Early Strength, Followed Probably by Significant or Severe Weakness (SPX has a 1285.09 Upside Gap/Magnet):
The CBOE Index Put/Call Ratio closed at 1.49 on Thursday 11-3 vs 1.71 on Wednesday 11-2, which is a Bullish -0.22 Daily Delta.
ISEE All Indices & ETFs Put/Call Ratio was 1.53 at 4:15 PM EST; Which is a Very Bearish +0.41 Daily Delta from Wednesday's 1.12 close, see http://www.ise.com/WebForm/viewPage.aspx?categoryId=126
VIX fell -6.84% on Thursday 11-3 vs SPX +1.88% = +4.96% rise in Complacency/decline in Wall of Worry = a Very Bearish indication for early Friday.
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