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.
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Wednesday, March 21, 2012
Keystone's SPXA150R Indicator Remains Under the 90 Level
Tonight's print for the SPXA150R is 89.00 which now logs two days under 90 (reference the previous chart from this morning). The market bears are favored in the markets now as long as the indicator stays under 90. If price moves above 90, that would indicate further topping action so further shorts will be placed. 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.
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