Put/call chart

Here we can see the sell signal from the put/call ratio chart.On the index itself there is an evening doji star reversal pattern that would be confirmed by a close below Friday's low.Markets are very volatile and it is just possible that we push slightly higher to the fibonnaci (0.618%) retracement at 1228,although momentum does not support this.
(chart from Ron Walker at chartpatterntrader.com)