Keybot the Quant remains bearish to begin the new week of trading. Watch UTIL 473.37, XLF 20.98 and SOX 503.25. All 3 will begin the week on the bull side, and the algo number will likely jump higher after the opening bell, so the bears need to move any one into the bear camp to continue the market downside. Watch GTX 4808 and VIX 14.04. Both are causing bearishness so the bulls need either one to turn bullish to begin an upside market rally party. If all 5 parameters remain in their respective camps, equities will move sideways.
For the SPX starting at 1775, the bulls need to touch the 1781 handle and an upside acceleration will occur. Bears need to push under the strong 1772 support to create a downside acceleration. A move through 1773-1780 is sideways action.
12/22/13;
7:00 PM EST =
12/18/13;
9:00 AM EST =
12/15/13; 7:00 PM EST
= +16; signal line is +37
12/13/13;
3:59 PM EST = +16; signal line is +39
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