Sunday, February 26, 2017

SPX S&P 500 Daily Chart; Overbot; Negative Divergence Developing; Upper Band Violation

Perhaps the reason the 2-hour chart is having trouble rolling over to the downside is that it is waiting to sync up with the daily chart. The SPX runs up the top standard deviation band so the middle band, also the 20-day MA at 2319, is firmly on the table. Price has made a matching or higher high. The all-time high is 2368.26 on 2/23/17 and the all-time closing high is 2367.34 on Friday, 2/24/17.

The indicators show negative divergence across all indicators over the last three months. Price should be cooked. RSI and stoch's are overbot. The MACD line and money flow, over the last couple days, has a smidgen of juice remaining which may create a jog move, down one day, up one day, and that is the top and rollover to the downside. So price should roll over now to the downside or a slight jog move and then roll over say from Wednesday forward.

The expectation is for the SPX to drop to 2319-2322 in the days ahead as long as President Trump does not  pump stocks further with more tax cut talk and lower regulations. The president provides a big speech on Tuesday night in front of Congress which will move markets on Wednesday. S&P futures are up +2 to begin the week on Sunday evening. 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.

SPX S&P 500 2-Hour Chart; Negative Divergence

The 2-hour chart receives a spank down from  the red rising wedge, overbot conditions and negative divergence (red lines). There was no reason for price to come up for a higher high since the move is out of gas. But price came up for another matching high and the blue lines show neggie d firmly remaining in place so price should be smacked down again, and it was. Price comes up again for another matching high, very odd behavior, with a new all-time closing high at 2367.34. The all-time high is 2368.26 on 2/23/17.

The purple lines show negative divergence remaining so the expectation is for price to move lower again. Happy talk about President Trump's policies keeps the stock market buoyant. The president speaks before Congress on Tuesday evening so details should be provided concerning his policies and stocks will react on Wednesday morning; the first day of March. EOM is Tuesday.

Stocks are usually weak moving through the new moon which occurred this morning. When a month is up wall-to-wall, like February, it usually finishes the month weak. On Sunday evening, S&P futures are +2.  The market bears are getting short-changed. As long as positive President Trump news does not occur, the chart wants price to move lower. 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.

WTIC West Texas Intermediate Crude Oil, OVX Volatility and Commitments of Traders (COT) Charts

The drama in the oil patch continues. On the WTIC chart, the red rising wedge and negative divergence forecasts lower prices ahead. Oil is trading very emotionally. If OPEC comes out and says they are in near 100% compliance with the oil production agreement limiting supply, oil will jump higher. If OPEC remains quiet and the Arabs are exposed as cheaters as is typically the case, oil prices will collapse as per the charts above.

The red circles show significant tops in oil prices while the green circles show attractive bottoms in oil prices. What do you think will happen? On the OVX, note how volatility moves inverse to oil price, so the low OVX numbers, marking complacency in the oil arena, indicate a top in price. The OVX is at multi-month lows. Everybody and his bro says oil is guaranteed to go higher since the Arabs are playing nice and they are very honest about their production numbers. This creates the relaxed complacent mood and sends the OVX lower.

The API Oil Inventories released on Tuesday evenings about 5 PM EST and the EIA Oil Inventories on Wednesday morning at 10:30 AM EST are uber important. Over the last three weeks, big builds have been occurring hinting that the Middle East producers are cheating and oil production remains robust despite the claims that all nations are following the OPEC agreement to limit supply.

The API last week was a surprise drawdown in crude which created buoyancy in oil but the EIA data did not corroborate the API data. The EIA was a build. The big inventory builds in recent weeks are blamed on the bad storms especially around the oil hub in Louisiana. Last week's data was mixed. Thus, this week's inventory data takes on epic importance. If two big builds occur, the Arabs are up to their old tricks and lying about production numbers and oil will plummet as the above charts hint. If, however, there are two drawdowns in oil stocks this week and the news remains good from OPEC that everyone is playing nice and cutting production, oil price will float higher on the news flow.

The COT chart shows the bars way extended to the outer limits indicating a top in oil prices. Even the cab driver took his entire life savings and invested on the long side in oil because he said the Arabs are honest and will honor their lower production agreements.

If long oil, it is prudent to exit stage right. Even if price bounces it is not worth sticking around for what could be a dramatic failure in oil prices. If anything, nibbling on the short side is more attractive, perhaps a quickie trade in SCO may prove fruitful going forward but maintain tight stops since a news bite can hit at anytime. 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.

Note: The COT chart is provided courtesy of COT Price Charts and annotated by Keystone.

USD US Dollar Index Weekly Chart; Sideways Channel Breakout; Potential Tweezer Top

The US dollar index is watched closely these days. After President Trump was elected in November, the dollar sky-rocketed as everyone jumped on the inflation train that was leaving the station; from Christmas to present they are jumping off the train. The dollar is buoyant but has printed a potential Tweezer Top over the last two weeks with the long shadows on the candlesticks (little brown circle). Of course, you do not know if it is a tweezer top until a breakdown would occur but it puts you on guard for further weakness in the dollar. The weak and bleak MACD line and stochastics, and the stoch's also dipping into bear territory under the 50 level to 47.35, hint at further weakness.

The red lines highlight the top call by Keystone as last year ended and this year began. That was when the sentiment was off the charts that the dollar would run strongly higher with analysts calling for 110 and 120 in the near future. Instead, as is always the case, the consensus was wrong, and the dollar retreated to under one hundo. The dollar bounced from 99.7 the upper channel trend line. This is a textbook back kiss and encouraging for dollar bulls. Price bounces indicating that it prefers to go higher, however, after three weeks, price is hesitating with the tweezer top.

Price violated the upper standard deviation band so it came back to touch the middle band and is hugging this 20-week MA at 100.59. The downside support to watch is 100.59, 100.00, 99.7 and 99.3. Under 99.3 and the dollar likely commits to traveling back through the sideways blue channel at 93-100 for the months ahead. This would be in keeping with a disinflationary and deflationary theme in markets.

The standard deviation bands are starting to squeeze in tight and will probably be very tight when Fed Chair Yellen takes the podium on 3/15/17, and, like Nero at the ancient Colosseum, will stand, extend the arm outwards, and point the thumb up or down determining the fate of the dollar and of global markets. The central bankers are the market.

If the dollar bulls can send price above that tweezer top at 101.80, the dollar bulls will rule and price will seek out a double top, or M Top, at 103-ish, where the chart can be reassessed. The expectation in the near-term would be for the dollar to come back down to test that 20-day and decide to bounce, or die. The tweezer top says a move lower is on tap. If price stays above 100.59, the dollar bulls will win out in the short term. 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.

CRB Commodities Index Weekly Chart; Potential C&H; Tight Bands

Commodities are stumbling sideways for the last 8 months. There is a potential cup and handle (C&H) pattern in play (blue lines) but price is having difficulty breaking out above the brim of the cup at 192. With a base at 160 and brim at 192, a 32-handle difference, a breakout to the upside from 192 will target 224. The 224 is overhead price resistance and congestion from the summer of 2015 so that is a logical target should the breakout occur from 192.

The mini C&H in early 2016 played out in text book fashion. The base of the cup is 160 and brim at 177 so the target was 194 which was tagged in early June last year. The jury remains out on the large blue C&H.

The bottom in the CRB was an easy call in early 2016 with the falling wedge patterns, oversold conditions and universal positive divergence (green lines). The CRB was on the launch pad and it rocketed higher satisfying that brown C&H.

The ADX shows that strong multi-year donwtrend in commodities ended in early 2016. The ADX is flat down at 14 indicating that the sideways move is trendless and indecisive. The moving average lines are lining out sideways. The indicators are lining out sideways. Stochastics were overbot and neggie d (red lines) which creates the sogginess in price over the last couple weeks.

The standard deviation lines are tight with price traveling though this sideways tunnel since Fall. Price violated the upper band so it came back to touch the middle band at 190. For the bulls, the breakout above 192 is a big deal and a move above 198 and 204 would be huge where the upside 224 will be likely in the months ahead. This direction is in keeping with inflation on the rise. Economic activity will be booming, the need for raw materials will be jumping, commodity prices will be increasing, the inflation that the Federal Reserve has tried to create for the last eight years with their obscene Keynesian spending, will finally appear.

For the bears, price below 190.21 and lower portends sorrow, disinflation and lingering deflation ahead; the outcome everyone laughs off nowadays. The 50-week MA support at 186 is a big test for price then the purple line price support at 180. If the 180 fails, the economy will be slipping away into many months or a year or two of lingering deflation.

The CRB will help you determine if inflation, or deflation, is winning out going forward. Inflationists will party all night long if CRB moves above 204. Deflationists will celebrate if the CRB collapses under 180. The inflation-deflation battle lingers between 180 and 204. 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.

Thursday, February 23, 2017

SPX S&P 500 30-Minute Chart; 8/34 MA Cross; New All-Time High; Negative Divergence; Tight Bands

Here's the SPX 30-minute with the 8/34 MA cross. This spurt higher this morning is a new record high for the SPX at 2368.26. The 8 MA remains above the 34 MA by a couple points so the bulls remain in control of the stock market. To push the 8 MA lower, the SPX price will need to move below the 8 MA at 2363 and head lower to drag the moving average lower for a negative cross. Price is at 2360 so that will continue to send the 8 MA down to the 34 MA for a potential negative cross. Market bears got nothing until they receive the negative 8/34 MA cross.

The red lines show neggie d across all indicators so down would be expected in this 30-minute time frame. Look at those tight standard deviation bands (green lines). Whoa, doggie. That is tight. There should be a big move at hand. Tight bands do not tell you direction but it appears she may be breaking downwards. The bulls are sneaky, however, so you never know. The next hour or two may be entertaining. 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.

Note Added on Sunday, 2/26.17:  The 8 MA stabs down through the 34 MA so the bears cheer, however, the 8 MA is already moving higher and may potentially create a positive 8/34 cross in Monday trading slapping the bears in the face once again; like Lucy pulling the football away from Charlie Brown each time. The market bears must come to play to begin the week and start things off with a negative mood to send the 8 MA lower and maintain the negative 8/34 cross and send stocks lower for the hours ahead.

SPX S&P 500 2-Hour Chart; New All-Time High; Overbot; Negative Divergence; Upper Band Violation

Now just a doggone moment. The 2-hour was out of gas but managed to come up for one more high. Chalk it up to the little bump in the RSI that managed to squeeze out that last bit of oomph. The Fed has been cheerleading for a rate hike for March with all their might but traders are not buying what the FOMC is selling. No one expects a rate hike until June. Perhaps stocks are receiving some buoyancy since the central bankers will remain accomodative for another four months at the same time that Trump keeps tossing out tall promises like candy.

The red rising wedge shows the price top with neggie d across all indicators. This spurt higher this morning is a new record high for the SPX at 2368.26 and with the higher high in price, the negative divergence remains across all indicators (maroon lines). Price does not have anymore gusto available to move higher in this 2-hour time frame. Price will need to touch the middle band at 2354 and rising since the upper band has been violated. The lower band at 2337 and rising is also in play. The MACD line prints a negative cross with its signal line which is bearish.

If bearish, what you want to see is lower lows for the indicators. The RSI is sneaking out a lower low. That will create a weak and bleak vibe and send stocks lower. Bulls will try to keep stocks elevated by sending President Trump, or Fed Chair Yellen, to a microphone where they can espouse more promises of rainbows, joy and higher stocks forever. 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.

Tuesday, February 21, 2017

SPX S&P 500 30-Minute Chart; 8/34 MA Cross; Negative Divergence Developing

Here is the very short term (VST) look at the SPX in the 30-minute time frame. One of the first signs that the bears will be gaining traction over the bulls and sending stocks lower will be the 8 MA crossing down through the 34 MA on the 30-minute. The 8 is above the 34 right now projecting bullish stocks for the hours ahead. The bears can only curl the 8 MA downwards by price dropping below the 8 MA.

See that spike high in price that occurred six candlesticks ago. That would be 3 hours of time ago so about 10:30 AM EST this morning. Price makes the new high but the RSI remains elevated and the ROC was trying to sneak higher as well. This hints that price wants to come up one more time in this 30-minute time frame so the indicators can firmly print negative divergence and place the top.

The 2-hour chart is cooked and wants price to move lower in the 2-hour time frame. Thus, in this VST, keep the door open for price to come up for a matching high at 2364-2367 over the next hour and this should come with neggie d across all indicators, which should jive with the 2-hour chart, and place the near-term top. As long as the indicators do not print above the thin red lines in the margin, the chart is cooked. So price either falls under its own weight from here, or will sneak higher over the next hour or so and place that matching price high that locks in the neggie d and then downside ahead.

Bears, however, got nothing until they create the negative 8/34 MA cross. Note earlier in the month the bears tried to push lower but the bulls prevented the negative 8/34 cross slapping bears in the face. Slap, slap. Then only last Friday, bear push lower in the morning only for the bulls to arrive touting Presdient Trump's tax reform package, and slap the bears silly once again preventing the negative cross. Slap, slap.

Judging from the set-up 30-minute and 2-hour charts, price should move lower in the hourly time frame going forward and the 8/34 MA negative cross on the 30-minute would likely, or potentially, occur tomorrow. The behavior when the 8 comes down to test the 34 will be key. 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.

SPX S&P 500 2-Hour Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation

Here is the SPX 2-hour chart which has been interesting to watch over the last week. We have been waiting for the neggie d to print across all indicators to identify the top. As last Friday's bell rang creating the higher high in price, the indicators finally negatively diverge across the board. Those pesky bulls, however, keep charging higher. Note, however, with the elevated prices, the indicators remain neggie d (red lines). Stocks want to take a rest but President Trump keeps pumping them higher by injecting tax reform joy into bullish veins.

The bulls keep trying to create slivers of joy as evidenced by the RSI that tries to sneak higher during today's trade. The chart is cooked. The only thing that can save it is happy talk from the president or from the Fed, ECB or other central bankers.

Price has violated the upper band again without yet showing respect to the middle band at 2344 and rising so this is on the agenda. The lower band at 2324 and rising is in play depending on how price reacts when it comes down to kiss and test the middle band at 2344 and rising.

The SPX support/resistance levels from a previous post are 2366, 2351, 2340-2344, 2321-2324, 2311, 2308 (20-day MA) and 2296-2300 very important support. 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.

SPX S&P 500 Daily Chart; Rising Wedge; Overbot; Negative Divergence Developing; Price Extended; Upper Band Violation

Traders are salivating over President Trump's tax reform package that was promised any day. Market participants expect a brand new shiny pony so the orange-headed leader will have to deliver.

The S&P 500 daily chart has a rising wedge pattern in play which is bearish. Price is at the top rails with today's euphoric joy. Look at the astounding move with price riding that upper standard deviation band for the last eight days! Since the upper band is violated, the middle band at 2308, and rising, is in play as well as the lower band at 2255 depending on how price react when it comes back to kiss the middle band which is also the 20-day MA at 2308 and rising.

Price is above the 20-day MA above the 50-day MA above the 100 above the 150 above the 200 so a mean reversion lower is needed. The red lines show neggie d wanting the top to be in for price but the RSI is long and strong. Ditto the MACD line although it is negatively diverged over t he last three months. The red lines will create a pull back in this daily time frame but after a day or few, price will want to come back up to satisfy the RSI. The RSI and stochastics are overbot and greatly elevated so the upside cannot last much longer.

So price will likely top out and retreat but want to come back up perhaps for a top as this week ends. As soon as the RSI displays neggie d when price comes up for the mathcing high, the SPX will be cooked inthe dialy time frame. The new moon peaks on Sunday and stocks are typically weak moving through the new moon so that would be say from Thursday or Friday through Monday or Tuesday.

Equities rallied strong so far this month. When this behavior happens, the month usually ends on a down note. The month ends on Tuesday, 2/28/17, only five days away. The RSI will tell you when the chart above is cooked. 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.

SPX S&P 500 Weekly Chart; Rising Wedge; Overbot; Negative Divergence Developing; Upper Band Violation; Price Extended

The S&P 500 weekly chart rockets higher on the Trump Rally euphoria from the November bottom. note that price is near the upper standard deviation band but did not touch it, however, price had already violated the upper band in December. Therefore, that middle band at 2235 and rising remains in play. The bulls are sneaky taking price parabolically higher forcing every bear in the market to cover.

The red rising wedges are ominous. The red lines for the indicators show neggie d in play wanting a smack down in price but the MACD line remains long and strong. Price will likely come back up one more time after a pull back to satisfy the MACD on this weekly basis. Both the RSI and stochastics are overbot and negatively diverging. Thus, a jog move is likely, down, up, then down. So price may retreat over the next week or two to satisfy the neggie d shown by the red lines now, but then price will come up again to make the MACD happy, and then, if the MACD is sloping down showing neggie d, the top will be in on the weekly basis.

The ADX says the trend higher in price is not a strong trend despite its parabolic nature but the ADX is on the verge of moving up into that pink box that would label the weekly uptrend as strong and likely extend the buoyancy in the stock market.

The monthly chart hints at a major market top potentially occurring in the March-June time frame. The weekly chart wants a pull back now but price will come back up because of the MACD line. The weekly chart would be agreeable to a multi-year top occurring since its indicators are elevated in overbot areas which is typically a multi-year event. Stocks will likely retreat for a couple weeks, then come back up for a matching high perhaps into the Fed rate meeting on 3/14/17 and 3/15/17, then down again as long as the MACD rolls over. 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.

SPX S&P 500 Monthly Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation; Price Extended Above MA's

The SPX monthly chart will receive a new print next Tuesday, 2/28/17. February is a big-time up month when historically it is a very weak month for stocks. Note the four white candlesticks gapping higher each month in a euphoric orgy of joy. That rally started with President Trump's election victory and promises of lower taxes, less regulations and huge infrastructure spending. The stock market went vertical after Trump, and his two Goldman Sachs henchmen, Cohn Adn Mnuchin, started slashing financial regulations. A big party is taking place in the financial sector. Wall Street fat cats are staggering around, drunk off Trump wine, dabbing their cigar ashes in the face of the huddled masses.

The red lines show the rising wedge, overbot conditions and negative divergence that correctly forecasted the spring 2015 top. The Fed and other central bankers stepped in to save the day creating that Tweezer Bottom (brown circle) early last year. The central bankers are the market. Stocks rally to new highs last year with universal negative divergence acrosss all indicators (marooon lines) show another market top and spankdown was at hand, and occurs. Stocks began trailing lower in Au gust, September, October, but then the orange-headed one came to power in early November creating the latest push higher in equities (blue line).

The SPX is up for four weeks in a row and February should remain a white (positive) candlestick barring any serious downdraft before next Tuesday. President Trump promised a tax reform program any day so that will receive strong scrutiny.

The SPX catapults above the upper standard deviation band. The bullishness is off the charts. The middle band at 2105 is in play on the monthly basis. With the latest push higher, note the red lines remain negatively diverged for the indicators over the couple-year and longer time frame. Over the last four months, however, due to this wild and strong parabolic rally, there is lots of momentum in stocks, and the short green lines show long and strong behavior in this very near-term on a monthly basis.

The ADX is down at 16 so the trend higher in stocks is not a strong trend. The rally in stocks was a very strong trend (pink box) in late 2013, 204 and into 2015, but not since. The central banker stick save last year and the Trump Rally starting in November have created upside joy in stocks but the ADX trend indicator is not impressed.

Since the parabolic, gapping-up behavior, is reflective of strong momo, a jog move may be in order before a potential multi-year top occurs (down, up, down, or down, up, down, up, down). So March may be a down month, the April back up for the top. Or, generally, down in March, up in April, down in May, then a multi-year top potentially printing in the May-June time frame. Speaking broadly, the above chart is consistent with a multi-year top printing anytime now through June. The March-April time frame may be a prime target for a major top since this is when the ECB will taper its monthly QE purchases even though Draghi does not want it to be called a taper.

So stocks should retreat to take a rest and the middle band at 2105 is a lower level in play which is 260 handles under current levels. Generally, it will not be surprising to see the S&P 500 down in the 2100-2200 range say 2 or 3 months out. I twill depend on how much more mojo that Trump can generate specifically by the tax reform package. 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.

SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 2/21/17

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 1/23/17. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R.

For the S&P 500 in history, the all-time record high print is 2351.31 on 2/16/17 and the all-time closing high is 2351.16 on 2/17/17. The all-time record intraday low is 666.79 (the infamous 666) on 3/6/09 and all-time closing low is 676.53 on 3/9/09.

For 2017, the intraday high is 2351.31 and closing high is 2351.16. For 2017, the intraday low is 2245.13 from the first trading day of the year on 1/3/17 and the closing low for the year thus far is at 2257.83 on 1/3/17. For 2016, the intraday high is 2277.53 on 12/13/16 and closing high at 2271.72 on 12/13/16. For 2016, the intraday low is 1810.10 on 2/11/16 and the closing low for 2016 is 1829.08 on 2/11/16. The intraday low in 2015 is 1867.01 on 8/24/15 and closing low for 2015 is 1867.61 on 8/25/15.

The upside orgy in stocks continue. President Trump keeps tweeting out nuggets of  bullish joy such as hinting at big tax cuts so equities rocket higher. The president tosses in a favorable comment about reducing financial regulations and banks rocket higher taking the stock market higher. President Trump, and the central bankers, sprinkle magic happy dust on the stock market each day.

US markets were closed yesterday for the Presidents Day holiday so the holiday-shortened week begins this morning (Tuesday). For Tuesday, with the S&P 500 starting at 2351.16, the highest closing number in stock market history, the market bulls need any smidge of positivity in the S&P futures and the SPX will rally several handles after the opening bell. S&P futures are up +4 about one hour before the opening bell.

The bears need to push the SPX under 2340 to accelerate the downside. A move through 2341-2350 is sideways action to begin the week.

If the bears push down through 2340, the 2321-2322 support level is next. Other lower support levels are 2311, 2304, 2296-2300 and 2289. February began at 2279 and there are six days remaining in the month. If the bears want to create a negative month, they had better get busy and start pushing south. If stocks begin selling off, and the 2296-2297 level fails, equities will flush lower to test the February starting number at 2279.

The SPX 2-hour chart is negatively diverged indicating a near-term top at hand. Ditto the low CPC and CPCE put/call ratios. The SPX daily chart is negatively diverging with overbot RSI and stochastics hinting at a top on the daily basis occurring at anytime in the coming days. The new moon peaks on Sunday and stocks are typically weak moving through the new moon. When a month is up strongly, during the last few days of the month, price typically retreats. Thus, the expectation would be for a near-term top in stocks at anytime and perhaps weakness into early next week to finish the month.

President Trump, in his braggadocio style, said a couple weeks ago that in a couple weeks he would provide details on his tax plan. Time flies when you’re having fun. It is time for the orange-headed showman to put his tax reform strategy on the table and show everyone what he’s got. No doubt the tax plan will move markets especially individual sectors. Of course if he delays the release of the plan, traders will likely not view that kindly as the president would lose credibility in what he says.

The strongest support/resistance is 2351, 2322, 2311, 2296-2300, 2289-2290, 2279, 2272, 2263, 2234, 2213, 2205 and 2194. The week begins at 2351 an epic and historic high. There are many gap-up moves occurring in stocks so these gaps will need filling at some point forward. Price takes big leaps through the 2299 to 2311 space, then 2311 to 2322, then 2322 to 2351. Note the big air pocket between 2213 and 2234.

Keybot the Quant algorithm remains bullish continuing to print epic +100 numbers. This is the maximum possible for the algorithm and hints that a multi-year top may be forming in markets currently due to these historic excessive readings. Market parameters, sentiment and euphoric activity is at historic highs. The party is in full swing with bullish traders donning lampshades on their heads, dancing on tabletops, drinking Trump wine and celebrating higher stock prices that never go down. Every day of life is a party for bullish traders.

Note: If the list below displays any blank spaces, view it in a different browser. The data is current up through 2/20/17.

2351 (2/16/17 All-Time Intraday High: 2351.31) (2/16/17 Intraday High for 2017: 2351.31) (2/17/17 All-Time Closing High: 2351.16) (2/17/17 Closing High for 2017: 2351.16)
2351.31 Previous Week’s High
2351.16 Friday HOD
2351.16 Friday Close – Tuesday Starts Here
2339.58 Friday LOD
2321.42 Previous Week’s Low
2303.52 (20-day MA)
2296.28 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2279.14 (50-day MA)
2278.87 February Begins Here
2278 (12/13/16 Intraday High; 2277.53)
2272 (12/13/16 Closing High: 2271.72)
2258 (1/3/17 Closing Low for 2017: 2257.83)
2245 (1/3/17 Intraday Low for 2017: 2245.13)
2239 (12/30/16 Closing Low: 2238.83)
2238.83 Trading for 2017 Begins Here
2234 (12/30/16 Intraday Low: 2233.62)
2224.68 (20-week MA)
2218.76 (100-day MA)
2213 (11/25/16 Intraday and Closing High: 2213.35)
2202.07 (150-day MA; the Slope is a Keystone Cyclical Signal)
2194 (8/15/16 Intraday High: 2193.81)
2191 (12/1/16 Closing Low: 2191.08)
2190.25 (10-month MA)
2190 (8/15/16 Closing High: 2190.15)
2187 (12/1/16 Intraday Low: 2187.44)
2173.12 (200-day MA)
2168.96 (12-month MA; a Keystone Cyclical Signal) (the cliff)
2155.23 (50-week MA)
2135 (5/20/15 Intraday High: 2134.72)
2133 (7/20/15 Intraday High 2132.82)
2131 (5/21/15 Closing High: 2130.82)
2130 (6/22/15 Intraday High 2129.87)
2128 (7/20/15 Closing High: 2128.28)
2126 (4/27/15 Intraday High: 2125.92)
2124 (6/23/15 Closing High: 2124.20)
2121 (4/24/15 Intraday High: 2120.92)
2120 (2/25/15 Intraday High: 2119.59)
2118 (4/24/15 Closing High: 2117.69)
2117 (3/2/15 Closing High: 2117.39)
2116 (11/3/15 Intraday High: 2116.48)
2111 (4/20/16 Intraday High: 2111.04)
2110 (11/3/15 Closing High; 2109.79)
2104.99 (20-month MA)
2104 (12/2/15 Intraday High: 2104.27)
2103 (12/2/15 Closing High: 2102.63)
2102 (4/20/16 Intraday High: 2102.40)
2094.63 (100-week MA)
2094 (12/29/14 Intraday High: 2093.55)
2091 (12/29/14 Closing High: 2090.57)
2085 (11/4/17 Closing Low: 2085.18)
2084 (11/4/17 Intraday Low: 2083.79)
2079 (12/5/14 Intraday High: 2079.47)
2076 (11/28/14 Intraday High: 2075.76)
2075 (12/5/14 Closing High: 2075.37)
2073 (11/26/14 Closing High: 2072.83)
2071 (11/21/14 Intraday High: 2071.46)
2059.54 (150-week MA)
2056 (11/18/14 Intraday High: 2056.08)
2046 (11/13/14 Intraday High: 2046.18)
2044 (12/31/15 Closing High: 2043.94)
2019 (9/19/14 Intraday High: 2019.26)
2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)
2007 (9/5/14 Closing High: 2007.71)
2005 (8/26/14 Intraday High: 2005.04)
2003 (8/29/14 Closing High: 2003.37)
1993 (1/15/15 Closing Low: 1992.67)
1991 (7/24/14 Intraday Top: 1991.39)
1988 (7/24/14 Closing High: 1987.98)
1986 (7/3/14 Intraday Top: 1985.59)
1985 (7/3/14 Closing High: 1985.44)
1981 (2/2/15 Intraday Low: 1980.90)
1978.88 (200-week MA)
1968 (6/24/14 Intraday Top: 1968.17)
1963 (6/20/14 Closing High: 1962.87)
1956 (6/9/14 Intraday Top: 1955.55)
1953.67 (50-month MA)
1951 (6/9/14 Closing High: 1951.27)
1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)