Keybot the Quant remains long as the new week begins with the algo printing four numbers. The model remains overbot at +92 which is a significant event not seen often and the algo number is 22 points above the signal line. The bears need either SPX under 2031, NYA under 10180 and/or GTX under 2152 to stop the bull rally. If any 2 of the 3 parameters turn bearish, Keybot will likely flip short.
For Tuesday with the SPX starting at 2052, the bulls need to touch the 2054 handle and bingo, price will accelerate higher. The bears need to push under 2043 to accelerate the downside. A move through 2044-2053 is sideways action. Keep an eye on the 3 parameters listed above to determine if the market is going to turn south.
3/27/16;
7:00 PM EST =
3/21/16; 12:58 PM EST
= +92; signal line is +70
3/21/16; 12:46 PM EST
= +78; signal line is +69
3/21/16; 11:22 AM EST
= +92; signal line is +68
3/21/16; 10:12 AM EST
= +78; signal line is +67
3/20/16;
7:00 PM EST = +92; signal line is +67
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.