Thursday, September 22, 2011

SPX Daily Chart Showing Keybot the Quant Algorithm Turns

Keybot is back on the short side as of today's option but watch out for any potential whipsaw today or tomorrow.  The chart shows the recent turns. Utilities are key as the session plays out.  Watch UTIL 423.83, if that holds, bulls should be able to moderate the selling and return some steadiness to the markets. If 423.83 fails, the broad markets will take the next leg lower. Current UTIL print is 425.45.

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