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# Technicals Remain Bullish
- URL: https://www.yardeniquicktakes.com/technicals-remain-bullish/
- Published: 2022-12-08T15:12:07.000Z
- Updated: 2022-12-08T15:12:07.000Z
- Author: Ed Yardeni
- Tags: Technicals, Stock Market, Surveys

Jitters about a consumer-led recession over the past few days pushed the CBOE equities Put/Call Ratio up to 1.46 yesterday (chart). That's a very elevated reading and suggests that there is too much pessimism. It favors a yearend rally rather than a yearend crash. 

![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/2022/12/capture1-4.jpg)

There is also still lots of bearishness in Investors Intelligence Bull/Bear Ratio. It rose to 1.34 this past week (chart). Low readings around 1.00 have been good buying opportunities for long-term investors in the past.

![](https://storage.ghost.io/c/16/ef/16efc0dd-240f-4f5e-9e01-d619d6fd4fd1/content/images/2022/12/capture2-7.jpg)

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