Tuesday, October 9, 2012

Keybot the Quant Turns Bearish

Keybot flipped to the short side at SPX 1452 at 10:42 AM.  The markets were very tricky again today, teasing the 1453 level several times before failing, This action caused Keybot to be further delayed but at 1452 the quant committed. Note that UTIL is now about to print a 478 handle. The bulls tried to push UTIL higher yesterday and today but price has now collapsed. As always, stay alert for a potential whipsaw. More information can be found on Keybot's site;

http://www.keybotthequant.blogspot.com

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