The chart posted has hit a new low on the 20 moving avg put/call .To top it off The one day closed at the low for the year at .58 More traders are betting on Santa then in the last 2 years !!! I have taken a 95 % long in the money puts .The first quarter of 2025 We could see something Very Big to the downside well over 600 to 1300 SP 500 points Cycles point to march 10th to the 20th for the first leg down . And looking at Europe markets as well and The top I called in the nifty 50 looks like it is also ready to roll over once again . .The gold ratio cycles aka the 6 spiral due on 11/29 to 12/5 came The DJI and DJT and XLU as well as the NYA all topped that window and has fallen everyday since . BEST of TRADES WAVETIMER