We used the SPXA150R during the topping process this year to forecast the pull backs. The 90, 85 and 80 levels are important for setting shorts in place. As seen above, the chart lost the 80 level in late May and that told you that the broad markets had started to roll over for an extended period of time moving forward. Now we see the chart at the low end so the values of 25, 20 and 15 are used to gauge the rallies. The price collapsed straight down thru all three levels, and at 4.80, this is an obscenely low number only seen during the Fall 2008 crash. A recovery rally is fully expected from this low number. If the chart moves above the 15 level that will indcate that a rally is underway. Keystone's SPXA150R Indicator is tracked on the Turn Signal page on this site. 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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