STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and did not print any numbers today. The market bears are weak since they cannot push copper or the retail stocks lower and at the same time cannot push volatility higher. Three strikes and you're out to use a baseball metaphor. The bulls have an easy time pushing the SPX higher and tests the 1956, 1958 and 1960 resistance levels spending the night at 1960 to decide either to pivot higher to the all-time highs, or, pivot lower to 1949. Bounce or die from 1960.

Bears need either JJC under 37.65, RTH under 59.04 and/or VIX above 13.50 to create downside pressure in stocks. Without at least one of these, the bears got nothing and equities will float along sideways with an upward bias. For the SPX starting at 1960 for Thursday, the bulls need only one point, to touch the 1961 handle and boom, price will be running higher to the all-time highs. Watch the S&P futures overnight to see if the bulls can muster one point, or not. The bears need to push the SPX under 1948 to accelerate the downside. The 1948-1949 level is strong support. A move through 1949-1960 is sideways action. The bulls continue to cruise down the road without a care in the world honking at the pretty girls and waving to the children.

6/29/14; 7:00 PM EST =

6/27/14; 10:00 AM EST =

6/24/14; 10:00 AM EST = +80; signal line is +62