Tuesday, August 30, 2016


Keybot the Quant remains short and printed one number and the pre-scheduled number on Tuesday. For Wednesday, the bulls must push either RTH above 79.52 and/or GTX above 2273 to stop the market selling. The bears need higher volatility, to push the VIX above 14.45, to send the stock market strongly south. If retail stocks and commodities remain in the bear camp, and volatility in the bull camp, stocks will stagger along sideways.

For the SPX starting at 2176 on Wednesday, the bulls need to push above 2182 and the upside will accelerate towards 2190 quickly. The bears need to push under 2170 to accelerate the downside. A move through 2171-2181 is sideways action for hump day. Wednesday is the EOM and August began at 2173.80; this level determines if the month of August ends positive or negative. The bears are in control with the algo number 24 points below the signal line.

9/2/16; 9:00 AM EST =
8/31/16; 7:00 PM EST EOM =
8/30/16; 10:00 AM EST = +50; signal line is +74
8/30/16; 9:46 AM EST = +48; signal line is +75
8/29/16; 11:24 AM EST = +64; signal line is +75

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