Keybot the Quant remains long with the algo number 42 points above the signal line. The bulls are cruising and a new development occurs that is a bigtime bull win.
The NYA crosses above 15297 shaking off the bear market and trying to enter a bull market. Watch the bull/bear line in the sand at 15297 like a hawk; it will tell you stock market direction. Above means an extended bull market and several weeks of upside joy. If NYA drops below 15297, there will be Hell to pay going forward.
Same dealio with GTX 3638 with price at 3683 creating bullish joy. Negativity will occur in the stock market when GTX loses 3638. Bulls rule above GTX 3638.
UTIL needs to move above 973 to create bullishness in stocks. This may be a tall order but it requires a hairy eyeball. Overall, the utilities are a terrible omen suggesting a big crash is on tap any week forward directly conflicting with the NYA joy.
SPX needs to move above 4150 which is 157 points away to help the bulls. If this occurs, trumpets would sound the arrival of a strong bull market.
11/20/22; 7:00 PM EST =
11/17/22;
9:00 AM EST =
11/13/22;
7:00 PM EST = +40; signal line is -2
11/11/22; 1:08 PM EST =
+40; signal line is -5
11/11/22; 11:15 AM EST
= +26; signal line is -7
11/11/22; 10:17 AM EST = +40; signal line is -8
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