Keybot the Quant remains long printing two numbers during the Wednesday trade. The big Brexit referendum vote is tomorrow. The bears need either RTH under 76.04 and/or JJC under 24.11. If one of these two parameters turn bearish, consider the imminent turn to be in play, and if the SPX is under 2084, Keybot will likely flip short.
The bulls need either XLF above 22.93 and/or VIX below 16.20 which will create upside fuel for the stock market.
For the SPX starting at 2085 on Thursday, the bears only need one point lower, to push under 2084 and the downside will accelerate lower. The bulls need to touch the 2100 handle to accelerate the upside. A move through 2085-2099 is sideways action. The S&P futures are up +11 on Wednesday evening in the States. The bulls are in charge. The bears need weaker retail stocks and copper to take stocks lower.
6/26/16;
7:00 PM EST =
6/24/16;
10:00 AM EST =
6/22/16; 1:07 PM EST
= +66; signal line is +62
6/22/16; 9:43 AM EST
= +82; signal line is +61
6/21/16;
11:52 AM EST = +66; signal line is +60
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.