Keybot the Quant remains long but the bears were growling today trying to flip the model short. Internal programming rules would not allow the move to the bear side. The SPX needed to take out the LOD at 2058.84 but could not. Wednesday will be a fight between utilities and copper again. Bears need UTIL under 589.32 and if this happens, and also the SPX drops under 2059, Keybot will likely flip short. If JJC moves above 27.97, only 26 pennies away, the bulls will pop champagne corks and send stocks higher.
For the SPX starting at 2066, the bulls need to push above 2070 which will send price towards 2080 in quick order. The bears need to push under 2059 and the downside will accelerate lower. A move through 2060-2069 is sideways action. The bulls are steering the bus but the bears are knocking at the door.
10/3015;
10:00 AM EST =
10/2715; 3:17 PM EST
= +52; signal line is +44
10/2715; 2:20 PM EST
= +36; signal line is +43 but algorithm remains long
10/2715; 2:10 PM EST
= +52; signal line is +43
10/2715; 1:57 PM EST
= +36; signal line is +42 but algorithm remains long
10/2715; 10:00 AM EST
= +52; signal line is +40
10/26/15;
12:01 PM EST = +54; signal line is +38
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