STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The SPX came down to 2044 but the line held. Watch SPX 2049 and UTIL 580.91. If either of these two parameters flip to the bull camp (both are currently under the levels in the bear camp causing market weakness), stocks will stabilize and begin a relief rally. If both parameters turn bullish, and the SPX runs to 2078 and stay above, Keybot will likely flip long. The caution flag is out and if the two parameters turn bullish consider the imminent turn to the long side to be on the table.

At the opening bell you will immediately know the story with the SPX pivot from the critical 2049 level; bulls win above; bears win below. The importance of the 2049 level cannot be understated.

7/12/15; 7:00 PM EST =

7/8/15; 3:58 PM EST = -52; signal line is -21

7/8/15; 3:12 PM EST = -38; signal line is -19

7/8/15; 2:54 PM EST = -52; signal line is -16

7/8/15; 10:02 AM EST = -38; signal line is -13

7/7/15; 2:45 PM EST = -22; signal line is -10