Keybot the Quant is bearish ahead of the ECB's rate decision and press conference in the morning before the U.S. open. The session ended with the RTH above 44.38 contributing bullishly to markets and the SOX under 378.60 and XLF under 15.73 contributing bearishly. The bulls need to push the SOX above 378.60 and XLF above 15.73. The bears need to push the RTH under 44.38 to accelerate the downside. A breach of NYA 8003 will create further market downside.
For the SPX starting at 1395, the bears need to push back down to 1388 to reignite the strong downside selling. The bulls are simply trying to stop the bleeding and will succeed if they bring XLF above 15.73. A move thru 1390-1425 is sideways action.
11/11/12; 7:00 PM EST =
11/9/12; 10:00 AM EST =
11/7/12; 1:19 PM EST = -31; signal line is -12
11/7/12; 1:09 PM EST = -15; signal line is -11
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