Keybot the Quant remains bearish over the weekend but the bulls are knocking at the door. Copper was pushed higher late Friday sending the stock market higher into the closing bell. The algo printed three numbers in the afternoon and the algo number is now only three points away from the signal line warranting the imminent turn notation. If the bulls boost utilities higher, or volatility lower, either one would do, at Monday's opening bell, and send the SPX to 2065 it is very likely that Keybot will flip long. It appears that the bulls have it on a silver platter to begin a recovery rally.
Bears are going to need weaker banks and copper if they want to keep pushing stocks lower. The areas and levels of interest can be identified once the Sunday pre-scheduled number prints.
3/15/15;
7:00 PM EST =
3/13/15; 2:02 PM EST
= +23; signal line is +26
3/13/15; 1:01 PM EST
= +7; signal line is +28
3/13/15; 12:25 PM EST
= +23; signal line is +31
3/13/15;
10:32 AM EST = +7; signal line is +33
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