Utilities are key going forward and will signal a potential stock market crash, if applicable. The closing price 15 weeks ago at 916 and the 50-week MA now at 911 are the two key levels to watch tomorrow as potential stock market drama occurs.
UTIL is at 924. If UTIL 916 fails tomorrow (Friday, 2/11/22), you will see the US stock market turn extremely ugly. If UTIL then fails at the 911 level, you will need to call 911, because the SPX will dump 30 to 50 handles in quick order and the US stock market will go into a crash profile. It is over for the stock market if UTIL loses the 9 hundo level; a new negative bearish regime begins.
In general, if UTIL loses the 900-918 support range at anytime over the next month, a major US stock market crash is on the table. This is fun stuff.
It is even more interesting since next week the 916 no longer matters but it is replaced by 919. Thus, bulls must close the week out at 4 PM EST tomorrow with UTIL above 919. If UTIL ends tomorrow below 919, it is lights out for the stock market next week.
Stock market bulls need to keep UTIL above 916 tomorrow and above 919 for all of next week to stay alive. Keybot the Quant is currently on the short side.
If you do not heed the warning signals, you will be wiped out. There's Winners and Losers everyday in the big city. Which one will you be today? Are you a prophet or a fool? 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.
Note Added Tuesday Morning, 2/15//22, at 9:00 AM EST: UTIL fails at both the 919 level and 914 level yesterday signaling big trouble but then recovers above 914 at the bell.
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