Keybot the Quant remains long. The market bulls can regain their upside mojo if they move UTIL back above 480.74 (now at 479.61 causing market bearishness). The bears need to either push the XLF under 19.25 or RTH under 51.60 to accelerate the downside selling in equities. For the SPX, starting at 1615, the bulls need to touch the 1627 handle and the market upside will accelerate, and UTIL will be well above 480.74 again. The bears need to push under 1610 to accelerate the downside. A move through 1611-1626 is sideways action. If XLF or RTH fails the levels above, and the SPX drops under 1610, it is very likely that Keybot would flip to the short side. If UTIL moves above 480.74, equities will be moving higher all day long.
7/5/13; 9:00 AM EST =
7/1/13; 1:49 PM EST =
+5; signal line is -1
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