Keybot the Quant remains long. The status is quo. Parameters remain in respective camps so markets stagger sideways. The algo did not print any numbers today. Bulls need either RTH 58.85 and/or JJC 37.48 to confirm the market upside and send the SPX above 1900. Bears need either XLF 21.80, GTX 4935 and/or VIX 14.63. The algo is now flagging commodities as potentially slipping into trouble (GTX). If one of these three parameters turn bearish, and the SPX drops under 1878, Keybot will likely flip short.
For the SPX starting at 1884, remaining sticky at the strong 1884 S/R level, the bulls need to touch the 1889 handle and the upside will accelerate directly through the strong 1891 resistance and move towards 1900 with a big-time bull party into the weekend. The bears need to push under 1878 to accelerate the downside. A move through 1879-1888 is sideways action and unlikely considering the Monthly Jobs Report hits at 8:30 AM EST and will immediately impact the S&P futures. So a winner and a loser will likely emerge after the jobs number; bulls need 5 or 6 positive S&P points to unleash the upside; bears need 5 or 6 negative points to unleash the downside. Keybot prints a pre-scheduled number tomorrow before the opening bell.
5/4/14;
7:00 PM EST =
5/2/14;
9:00 AM EST =
4/30/14; 7:00 PM EST
EOM = +49; signal line is +42
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