SPXA150R dropped under the 80% level on Friday. This drop under 80 signals that a market sell off should occur. As long as the indicator stays under 80, the selling will continue. If the indicator jumps back above 80, then the markets will regain positive buoyancy.
Keystone uses three levels when markets are bullish; 80, 85 and 90. The move up or down thru these levels indicates continued market buoyancy, or market selling, respectively. When the indicator is above 90, and especially above the 94 level, nose bleed territory, the bullishness is much too euphoric and stocks are overpriced, so shorting is the prudent risk/reward move to consider. Reference the Market Turn Signal page of this site for further information. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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