Tuesday, December 8, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long and did not print any numbers in the Monday session. Market bulls will benefit from higher utilities. Bears will benefit from the SPX dropping under 2054, and lower financials and higher volatility.

If the SPX drops under 2054, Keybot will likely flip short, hence the imminent turn notation is in the title line. For the SPX on Tuesday, starting at 2077, the bulls need to push above 2090 to accelerate the upside. The bears need to push under 2067 to accelerate the downside. A move through 2068-2089 is sideways action. The S&P futures are down 23 points about 90 minutes before the opening bell which would target that important SPX 2054 level. Bulls will be fine as long as they do not allow SPX 2054 to fail. Markets will be in trouble under SPX 2054.

12/13/15; 7:00 PM EST =
12/11/15; 10:00 AM EST =
12/6/15; 7:00 PM EST = +17; signal line is +4

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