https://www.wishingwealthblog.com/2021/08/blog-post-first-day-of-new-qqq-short-term-down-trend-however-about-40-end-within-5-days-put-call-ratio-80-highest-since-84-on-7-19-at-bottom-of-last-mini-decline-see-chart-time-to-wait-on/
Blog post; First day of new $QQQ short term down-trend; However, about 40% end within 5 days. Put/call ratio=.80, highest since .84 on 7/19 at bottom of last mini decline (see chart). Time to wait on sidelines.