Keybot the Quant, a proprietary trading algorithm, performs a whipsaw as suspected, reversing yesterdays move to the long side by going short again from SPX 1331 today. We'll see how this direction works out.
All major secotrs are negative as measured by the algorithm except for utilities and the low volatility.
Retail just cracked a short time ago. Watch RTH 109.69 level, price collapsed thru and is now at 109.39. The consumer must finally be feeling the effects of higher gasoline prices.
Further information found out Keybot's site:
http://www.keybotthequant.blogspot.com/
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