Tuesday, April 19, 2016


Keybot the Quant remains long as the bulls keep pushing higher. Copper and commodities run higher taking turns slapping the bears in the face. The algo began flagging chips today. Watch these three key parameters; SOX 657 (now at 666), JJC 25 (now at 25.72) and GTX 2150 (now at 2222). The market bears got nothing unless one of these three parameters turn bearish.

For the SPX on Wednesday starting at 2101, the bulls need three points of upside, to poke up through 2104 and the upside will quickly accelerate to 2011. The bears need to push under 2092 to accelerate the downside into the low 2080's. A move through 2093-2103 is sideways action for hump day. The bulls remain in firm control.

4/24/16; 7:00 PM EST =
4/19/16; 9:00 AM EST = +94; signal line is +62

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