Keybot the Quant remains short moving into the Thursday session. Market bulls need to push copper higher to begin an upside recovery rally. Watch JJC 32.01 the bull-bear line in the sand. Copper is trading higher this morning setting up a big fight at JJC 32.01 today to determine the winner moving forward. Bears win if JJC stays under 32.01. Bulls win above JJC 32.01.
Bears will receive more downside fuel if VIX moves above 15.76 and/or if XLF drops under 24.11. Bulls receive upside juice with JJC 32.01 and/or UTIL above 596. If JJC or UTIL turn bullish, either one will do, and the SPX moves above 2108, Keybot will likely flip to the long side.
For the SPX starting at 2099, the bulls need to touch the 2108 handle and bingo, the upside will accelerate several more handles well above 2110. The bears need to push under 2088 to accelerate the downside. A move through 2089-2107 is sideways action.
3/8/15;
7:00 PM EST =
3/6/15;
9:00 AM EST =
3/3/15;
11:33 AM EST = +52; signal line is +60; go short 2104; (Benchmark SPX
for 2015 = +2.2%)(Keybot algo this trade = +2.4%; Keybot algo for 2015 =
-1.3%)(Actual results this trade = +2.5%; Actual results for 2015 = -4.8%)
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