Keystone's SPXA150R Indicator

The SPXA150R is one of Keystone's Turn Signals. The chart shows the percent of stocks above their 150 day moving average. Once there are over 80% of the stocks above their 150-day MA, that signals a market that is becoming too lofty. The 80, 85 and 90 levels are important. Once the 80 is breached to the upside, like now, price can do two things; either punch up thru 85 and head higher, or, collapse back down thru 80.  A move thru 85 says the bulls have further strength before the markets will peak and roll over.  If 80 is lost, the markets have peaked and the downside should begin.  At 84.40, the bulls only need 60 cents more on Tuesday to pop additional champagne corks. Markets will move sideways if the SPXA150R dances between 80 and 85. The red lines show negative divergence in play across all indicators so a spank down is needed and that would correspond to lower markets. If so, watch to see if the SPXA150R falls under 80, or not. 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.