Keystone's SPXA150R Drops Under 90 Favoring Bears

Keystone's SPXA150R fell under 90 today indicating market selling ahead unless the price moves back above 90. The green circles show the bulls in favor as the 85 level and 90 levels are taken out to the upside. The red circles show market selling beginning and continuing if the 85 or 90 level is lost. The bulls managed to recover on Friday but today dropped back under 90. The red lines show the negative divergence that is causing the move lower.

Check this chart tomorrow night to see if the bears can maintain control (under 90) or if they fold like a cheap suit and the bulls regain control during the Thursday session (above 90). Above 90 is typically a very good area to short the broad markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.