The SPY put-call ratio fell today to 1.33 as new calls from the breakout beat out new puts from the tag on the rising wedge top.
The number of SPY puts jumped today by 77%. The number of SPY calls jumped by 94%.
The target for the SPY put-call ratio remains the lower Bollinger Band, though it can take some time to get there and zigzag a lot on the way.
The first trading day of the month has a bullish bias.