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.
Saturday, May 4, 2013
Keystone's SPXA150R Indicator Signals Significant Market Top
The SPXA150R is one of Keystone's Short-Term Market Signals (reference the Short-Term Signals page on this site). Price touched 90 on Friday. The 80-85 zone signals Bearishness since traders are becoming too optimistic on the markets. The 85-90 zone is Strongly Bearish since the markets are printing at lofty levels. Above 90 is Uber Bearish since the bullish party is out-of-hand, the wine is flowing like water, and several bulls are dancing on table tops donning lamp shades, like yesterday. The 90+ level identifies all market tops including the recent tops in May and September of last year, and the top three weeks ago. The 90 level is an all-systems go signal for shorting the market. The month of May will be interesting. 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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