SPX 60-Minute Chart with 200 EMA Cross
Do you see why Keystone uses the 200 EMA as a short term indicator? The red circle shows this mornings low thus far at 1501.48. The 200 EMA is 1501.67. A strong bounce occurs directly off of this important exponential moving average. Look for more drama at the 200 EMA as time moves forward. For now, the SPX is above the 200 EMA signaling bullishness for the hours and days ahead. 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.
As always, thanks for the excellent commentary.
ReplyDeleteI have one question, though. I was wondering how long, on average Keybot's signals last. I realize that there's going to be some that last a long time and some whipsaws, but I was wondering how many signals it tends to give per year.
Al, simply look at the end of year data for 2012 on 1/1/13 and likewise back at 2011 and that would provide the answer.
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