Keybot the Quant remains short as the stock market is hammered. Most every sector is down creating negativity. Markets sink after the Federal Reserve rate decision this afternoon.
It is perhaps the time of destiny. Utilities are holding up through the mayhem. However, if UTIL loses the 977-980 level, the United States stock market will crash. UTL begins tomorrow at 995.
Bulls must stop the utes from falling further at all costs and at the same time rally anything they can to establish a base and stop the downward swoon.
A relief rally is overdue and will likely begin any day. If UTIL 977-980 fails, it is all ovah.
9/25/22;
7:00 PM EST =
9/20/22;
9:00 AM EST = -34; signal line is -26
9/19/22;
9:36 AM EST = -34; signal line is -26
9/18/22;
7:00 PM EST = -50; signal line is -25
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