Keystone's Market Turn Signals Summary

As the new trading week begins, let's take a look at Keystone's four short-term trading and turn signal indicators:

SPX:VIX Ratio Indicator; Bullish at 71, but on a Crash Signal Alert currently, if the ratio falls under 68 a Crash Signal is Triggered.
SPXA150R Indicator; Bearish now since it is above 80 but below 85, if the indicator falls under 80 market bearishness is indicated, if the indicator moves above 85 further bullishness is ahead.
SPX 30-Minute MA Crosses; Bearish now indicating further market weakness ahead.
SPX 60-Minute Price Versus EMA Cross; Bullish now indicating further market strength ahead.

So here we have a mixed bag as well but more bearish leaning for the shorter term action ahead. Watch the SPX:VIX ratio at the opening bell tomorrow. A drop under 68 will indicate serious market trouble ahead and a large market down day is on tap with the Dow Industrials expected to drop triple digits.

Check SPXA150R after tomorrow's close to see if it drops under 80 to indicate bearishness in the days ahead. A move above 85 indicates continued bullish strength. For the short-term, the bears have a slight edge although the indicators are mixed.  This week's trading, especially early in the week, is very important.  If bears are going to push lower, now would be the time.