Keybot the
Quant remains long the market as the bulls slap the bears in the face
for another day. Retail stocks turn bullish today and end the day
exactly at the number called out by the Keybot algorithm ahead of time at RTH
75.70. This is astounding. Have you ever witnessed such a feat where
predictions prove true down to the penny? Robots are smarter than humans.
The pivot from RTH 75.69-75.70 dictates the broad stock market direction for Thursday. The bulls need stronger retail stocks and copper to prove they can take the indexes to new all-time highs. Bears need RTH under 75.69 asap or they are in big trouble. If RTH remains above 75.69, the bulls are on easy street sending stocks higher. JJC above 24.58 will also help the bulls.
For the SPX starting at 2091, the bulls need to touch 2095 to accelerate price above 2100 in a heartbeat. The bears need to push under 2079 to accelerate the downside. A move through 2080-2094 is sideways action. The bulls are driving the bus. Watch RTH 75.69 to determine broad market direction.
The pivot from RTH 75.69-75.70 dictates the broad stock market direction for Thursday. The bulls need stronger retail stocks and copper to prove they can take the indexes to new all-time highs. Bears need RTH under 75.69 asap or they are in big trouble. If RTH remains above 75.69, the bulls are on easy street sending stocks higher. JJC above 24.58 will also help the bulls.
For the SPX starting at 2091, the bulls need to touch 2095 to accelerate price above 2100 in a heartbeat. The bears need to push under 2079 to accelerate the downside. A move through 2080-2094 is sideways action. The bulls are driving the bus. Watch RTH 75.69 to determine broad market direction.
5/29/16;
7:00 PM EST =
5/27/16;
10:00 AM EST =
5/25/16; 10:02 AM EST
= +79; signal line is +57
5/22/16;
7:00 PM EST = +63; signal line is +57
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