STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as another day goes by without the algo printing any numbers. The market bears are holding the line with JJC 37.60 keeping the equity markets in check. Bulls need JJC above 37.60 and the SPX is on its way to 1980. Bears need to keep JJC under 37.60 and a lid is placed on any further market upside.

For the SPX for Friday starting at 1959 another all-time high, the bulls need to touch the 1960 handle, less than one point higher, and an upside acceleration will occur to the mid and upper 1960's. Watch the overnight futures to see if the bulls can muster up one point to continue the stock market rally. The bears need to push under 1952 to accelerate the downside. A move through 1953-1959 is sideways action. Markets appear as if they are in suspended animation. Copper controls broad market direction so monitor copper direction in the morning before the opening bell. The bulls continue driving the bus and JJC 37.60 determines if the fun ride higher continues, or, if the bus veers off into a ditch.

6/22/14; 7:00 PM EST =

6/17/14; 9:00 AM EST = +63; signal line is +61