Keybot the Quant remains long for now. The market bears pushed lower but never really threatened SPX 1273. The market bulls pushed higher and are currently in the continuing fight for the SPX 12-month MA at 1280.30-ish. This level is very important as is any touch of the 1282 handle that would ignite a strong bullish move upwards for the markets.
Thus, keep on watching the result of the fight over the SPX 12-month MA, as well as 1282, and 1273. The SPX has surprisingly stayed within that 1275-1281 sideways range today. For now, the bulls continue to hang on but the markets are very unstable currently.
1/15/12; 7:00 PM EST =
1/13/12; 10:00 AM EST =
1/9/12; 2:03 PM EST = +20; signal line is +12
1/9/12; 10:39 AM EST = +6; signal line is +12 but algorithm says stay long
1/9/12; 10:27 AM EST = +20; signal line is +12
1/8/12; 7:00 PM EST = +6; signal line is +11 but algorithm says stay long
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