Keybot the Quant remains long. The algo has not printed a number since Monday. Note how commodities, GTX, fell to the 2270-2272 line in the sand identified by Keybot and bounced refusing to fail. It is amazing that the algo can call these specific parameters and the actual levels out before they occur. If you are not impressed, you should be.
Bears need to either push GTX under 2271 (now at 2278) and/or VIX above 14.45 (now at 13.45) to create stock market selling. If both turn bearish, stocks will be falling like a rock. If one of the two turn bearish, and the SPX drops under 2171, Keybot will likely flip short, hence the imminent turn to the bears side is back in play.
For the SPX starting at 2175, the bulls need to push above 2187 to accelerate the upside. The bears need to push below 2171 to accelerate the downside. A move through 2172-2186 is sideways action for Thursday.
Watch GTX 2271, VIX 14.45 and SPX 2171; these three numbers will likely tell the market story on Thursday.
8/28/16;
7:00 PM EST =
8/26/16;
10:00 AM EST =
8/22/16; 9:36 AM EST
= +78; signal line is +77
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.