Using the SPX put call Ratio to trade SPX

This Idea gives a strategy for using the SPX put call ratio to make great trading decisions when coupled with the Bollinger Band. You will notice each time the price goes outside of the Bollinger band price put call ratio mean reverts the same day. Green candles go to red below 1.0 and the red candles to green above 2.0 and this reversion happens quickly. If you couple the P/C chart with the SPX daily chart you can make well-informed high probability trades in any stock. I hope this adds value to your trading tool belt.