Wednesday, March 21, 2012

Keystone's SPXA150R Indicator Drops Back Under 90

Keystone uses three levels to gauge market bullishness as it develops; the 80 level, 85, and 90. Once a level is broken to the upside that verifies the bullishness ongoing in the markets but once the indicator reverses and moves down thru the levels that is a bearish signal.  Above 90 is an uber bearish signal.  It verifies that the bulls are in their full glory and the wine is flowing like water. Above 90 is an excellent signal to short the broad markets.  Once the 90 level fails that signals bearishness ahead, and that signal dropped under 90 yesterday.  Thus, check the end of day print for this one this evening to see if it stays under 90 (which signals continued selling in markets), or if it pops back above 90 again which would only signal further opportunity to add or bring on shorts. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

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