Keybot the Quant remains long. The bulls are cruising with their feet up on the dash. The algo did not print any numbers in the Tuesday session. The bears need to push RTH under 58.69 to place a ceiling on the market upside, otherwise, equities will continue floating higher.
The SPX prints a new all-time intraday high above 1902. For the SPX starting at 1897, the bulls need to push above 1902 to accelerate the upside which will target 1910. The bears need to push only one point lower, under 1896, to accelerate the downside. A move through 1897-1901 is sideways action. Since it is such a tight range a winner will be decided. Bulls win above 1902. Bears win under 1896. S&P futures are -3 about one hour before the opening bell. The bulls are in full party mode with the algorithm in rare overbot territory. Bears got nothing without lower retail stocks.
5/16/14;
9:00 AM EST =
5/12/14; 12:17 PM EST
= +81; signal line is +53
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