Keybot the Quant remains short moving into the four-day holiday-shortened week of trading ahead. The algo was calm all last week motoring along only printing the pre-scheduled numbers. One pre-scheduled number prints this week on Friday morning. The bulls will likely try to boost commodities and copper to stop the bleeding in the stock market.
For the SPX starting at 1921, the bulls need to move above 1948 to accelerate the upside, a formidable task. The bears need to push under 1911 about 10 points lower. S&P futures are higher on Labor Day. A move through 1912-1947 is sideways action for Tuesday. The bears are driving the bus with the algo number 49 points below the signal line.
9/13/15;
7:00 PM EST =
9/11/15;
10:00 AM EST =
9/6/15; 7:00 PM EST =
-54; signal line is -5
9/4/15; 9:00 AM EST =
-54; signal line is -2
8/31/15;
7:00 PM EST EOM = -54; signal line is +0
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