Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Sunday, May 22, 2016
SPX S&P 500 Daily Chart Showing Keybot the Quant Algorithm Turns in 2016
Here are the turns thus far this year for the Keybot the Quant algorithm. The red line is where the Keybot algo went short and the green line is where Keybot goes long. The year was off to a wild start. As you will recall, Keybot flipped short on the very last trading day of 2015 during the last one minute of trading. That was interesting. The algo benefited from the losses in stocks early in the year. The choppy sideways activity, that chews up bulls and bears alike, continues. Last December was a mess; look at all that back and forth choppy slop that ultimately resolved to the down side. As per the algorithm, the bulls are in charge as the week of 5/23/16 begins.
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