STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is long to begin the new week of trading. Bulls need RTH 58.78 to confirm solid upside ahead and the SPX will plot the path to 1900. Bears need either XLF 21.83 and/or JJC 37.48 to stop the market upside and create selling pressure. If retail remains bearish and financials and copper remains bullish, respectively, then equities float along sideways with a slight upward bias.

For the SPX starting at strong S/R at 1878, the bulls only need less than one point higher, to touch the 1879 handle, and a several handle run will occur to 1884 in quick order then perhaps 1891. The bears need to push under 1867 to accelerate the downside. A move through 1868-1878 is sideways action for Monday. S&P futures are +3 on Sunday evening. Watch copper overnight. Positive copper will create happy bulls. Negative copper will create happy bears.

5/18/14; 7:00 PM EST =

5/16/14; 10:00 AM EST =

5/16/14; 9:00 AM EST =

5/11/14; 7:00 PM EST = +65; signal line is +50

5/9/14; 11:22 AM EST = +65; signal line is +50

Note Added 7:12 PM on 5/12/14: Bulls create a big up day with the RTH moving above the critical 58.68-58.78 level closing at 58.83. This bull fuel sends the SPX up 18 points to 1897.