Wednesday, December 9, 2015

Keybot the Quant Turns Bearish

Keybot the Quant turns bearish a short time ago at SPX 2050. Financials drop, volatility pops and the SPX loses the vital 12-month MA support level, the cliff edge for markets, at 2053, causing a collapse in stocks. Obviously many algo's have the SPX 12-month MA programmed, as does Keybot, which created the flush lower. Bulls need to move the SPX back above 2053 pronto or they got big problems.  As always watch out for a whipsaw. More information is found at Keybot's site;

Keybot the Quant

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