Keybot the Quant is long as the new week of trading begins. The stock market is overbot as per the algo due to the +81 number above the 80 level. The bears need RTH under 76.38 and/or UTIL under 582.60 to stop the upside rally; either one would do. If one parameter turns bearish the imminent turn is in play and if both turn bearish then Keybot will likely flip to the short side.
For the SPX starting at 2123, the bulls only need one point, to touch the 2124 handle, and an upside acceleration will occur and new all-time record highs above 2126. Watch the S&P futures overnight to see if one positive point appears, or not. The bears must push below 2117 to accelerate the downside which will target 2110 support in quick order. A move through 2118-2123 is sideways action for Monday. Keybot prints one pre-scheduled number this week on Tuesday morning.
5/24/15;
7:00 PM EST =
5/19/15;
9:00 AM EST =
5/17/15; 7:00 PM EST
= +81; signal line is +55
5/15/15;
2:39 PM EST = +81; signal line is +54
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