Keybot the Quant remains long after the pre-scheduled number prints. RTH is near 42 placing smiles on bulls faces. The bulls also grabbed 1334 so an upward move is occurring with price now testing 1337 resistance. Tech is not leading the broad markets higher so this does not provide the bulls with as much oomph as they would like. The NYA is 7631 with a HOD at 7636; the bulls need to see 7660, so close, but no cigar yet. If the NYA punches thru 7660, the markets will launch large. For now, the SPX continues to struggle to move up thru 1337. Stay alert and cautious.
6/17/12; 7:00 PM EST =
6/15/12; 10:00 AM EST = -14 signal line -22
6/14/12; 9:30 AM EST = -14 signal line -23
KS,
ReplyDeleteTNX and RTH are moving in the opposite directions.
Which one is important for spx 500's move higher?
thanks
The quant decides which sector or area of the markets is most important. In this time frame, RTH 41.10, NYA 7660-ish is most important to the algo.
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