Keystone's SPXA150R Indicator Daily Chart

The SPXA150R shows a drop down to the outrageous low sub 5 days ago, which resulted in an expected bounce, but the bulls ran out of steam once the indicator approached 20. This is a contrarian indicator. Low numbers show that broad markets are washed out and a reversal back to the upside is to occur.

Once the indicator moves above 15, that will show that the bulls are regaining strength, then a move above 20 will show that a recovery rally is forming, a move up thru 25 shows the recovery rally is well underway.  Watch this indicator closely early this week for hints on market direction. Thus, under 15, this indicator is uber bullish since it cannot fall much further. Watch for the move above 15 to indicate that market bulls will be charging upwards, then use the 20 and 25 levels to gauge the strength of the up move. This information is for educatinal and entertainment purposes only.  Do not invest based on anything you read or view here or from any links associated with this content. Consult your financial advisor befoe making any investment decision.