Keybot the Quant remains short after the wild and crazy Thursday bloodbath. NYA recovers above 15192 but then rolls over again ending the day at 15182.
Bulls need NYA above 15192 to bring the selling to a stop. If NYA remains below, 15192, there will be Hell to pay.
Bears need SOX below 2638, UTIL below 975 and VIX above 24.90. Any 1 of these 3 jumping into the bear camp will create another big leg lower in stocks. Two parameters will be a huge selloff and if all 3 turn bearish, the blood and carnage will be epic.
Bulls need NYA above 15192 to stop the selling and stabilize the stock market. If chips, utes or volatility fail into the bear camp as described, stocks will take another big leg lower.
12/18/22;
7:00 PM EST =
12/15/22;
3:47 PM EST = -5; signal line is +25
12/15/22;
3:02 PM EST = +9; signal line is +26
12/15/22;
11:18 AM EST = -5; signal line is +28
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