The bulls recover the key SPX 2747 bull-bear line in the sand avoiding the Armageddon scenario for the stock market, for now. There is major trouble ahead for the stock market for weeks and months ahead if the S&P 500 loses the 2747 level.
Keybot is tracking utilities. The UTIL 729.37 level is a bull-bear line in the sand for all five days next week and UTIL ended last week at 724. Thus, after Monday's opening bell, the utilities will likely fail which is a feather in the bear's cap.
The SPX 2747 level, the NYA 12806 level, UTIL 729.37, CPER 17.36 and XLF 27.83 are key bull-bear parameters for early next week.
10/14/18;
7:00 PM EST =
10/12/18; 3:01 PM EST =
+24; signal line is +31
10/12/18; 1:33 PM EST =
+10; signal line is +31
10/12/18; 1:12 PM EST =
+24; signal line is +33
10/12/18; 12:32 PM EST
= +10; signal line is +34
10/12/18; 10:00 AM EST
= +24; signal line is +36
10/12/18; 9:36 AM EST =
+24; signal line is +36
10/11/18;
3:50 PM EST = +10; signal line is +37
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