Keybot the Quant remains short moving into the Wednesday session. XLF is under the 21.83 bull-bear line in the sand causing broad market weakness. Market bears are fine and will continue to send markets lower as long as XLF stays under 21.83. Bulls will recover strongly if XLF regains 21.83. Keybot will likely flip long if the XLF recovers above 21.83 and SPX prints 1885 and higher.
For the SPX starting at 1873, the bulls need 12 points higher, to punch up through 1885 to unleash an upside acceleration and chart the path to 1891, 1897, 1900 and higher. The bears need to push under 1868, five points lower, to accelerate the downside. A move through 1869-1884 is sideways action.
For the SPX starting at 1873, the bulls need 12 points higher, to punch up through 1885 to unleash an upside acceleration and chart the path to 1891, 1897, 1900 and higher. The bears need to push under 1868, five points lower, to accelerate the downside. A move through 1869-1884 is sideways action.
5/25/14; 7:00 PM EST =
5/20/14; 9:39 AM EST = +48; signal line is +55
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