Keybot is long going into the Tuesday session but only a hair away from flipping short. The algorithm wants to go short, the algo number is under the signal line, but internal programming rules are holding it back from officially triggering. SPX 1408.46 is a magic number for tomorrow since a drop thru this level, that holds for five or more minutes, will likely result in Keybot flipping to the bear side. SOX must stay under 372.75 for the bears to push lower. XLF 15.65 is also important. If the bears simply push gently lower after the opening bell tomorrow they can likely develop substantive downside. If, however, the bears gap the markets lower tomorrow morning, the decision on direction likely will not occur until about 90 minutes of trading plays out. The bears want SPX under 1408.46 and then XLF under 15.65. The bulls want to keep the SPX above 1408.46, the XLF above 15.65, and bring the SOX back above 372.75, if so, the bulls will continue driving the bus merrily along. The bulls and bears are in a big fight right now. Tomorrow, one side or the other, will emerge victorious.
12/7/12; 10:00 AM EST =
12/7/12; 9:00 AM EST =
12/3/12; 3:55 PM EST = +3; signal line is +4 but algorithm says stay long
12/3/12; 3:39 PM EST = +19; signal line is +5
12/3/12; 3:21 PM EST = +3; signal line is +5 but algorithm says stay long
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