STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long but bears are fighting back with the weaker copper as their rallying cry. JJC fails at 37.92 ushering in today's market weakness. GTX remains at 4992 in the bull camp flat in today's trade. The algo is tracking JJC 37.92 and RTH 58.67 with interest, copper and retail, respectively. Bears have created a ceiling in markets with JJC 37.92 and lower. Bulls obviously need JJC above 37.92 and the market upside resumes. Bears need RTH under 58.67 to create firm negativity and likely cause Keybot to flip to the short side.

Note the bears took the SPX down to the 1919 but price bounced instead of failing. Bears will throw confetti if the RTH loses 58.67 and SPX loses 1919. Bulls will throw confetti by simply sending JJC back above 37.92 and the SPX above 1925. Markets will stagger sideways if JJC stays under 37.92 and RTH above 58.67. The algo number is only four points from the signal line verifying the coin-flip markets ahead of the ECB decision tomorrow morning. Caution is warranted and the price levels provided will determine market direction.

6/6/14; 9:00 AM EST =

6/4/14; 9:36 AM EST = +63; signal line is +59

6/1/14; 7:00 PM EST EOM = +79; signal line is +59