Keybot the Quant remains on the short side but is champing at the bit to go long with the algo number 2 points above the signal line. Copper is controlling broad stock market direction. JJC 29.43 is the bull-bear line in the sand and price is at 29.47 which creates slight lift in stocks. Bulls win if JJC remains above 29.43 and if SPX moves above 2442, Keybot will likely flip long, hence the imminent turn notation in the title line. If stocks begin running higher, RTH above 81.48 will add more upside fuel.
The bears must send copper lower immediately and push JJC under 29.43 to create a downside move in the stock market. If this occurs, bears will set their sights on VIX 11.62 and if price moves above this level, the higher volatility will create stock market carnage.
So JJC 29.43 runs the entire show. As copper goes, so goes the market.
6/25/17;
7:00 PM EST =
6/21/17; 2:41 PM EST
= +70; signal line is +68 but algorithm remains short
6/21/17; 2:03 PM EST
= +54; signal line is +67
6/21/17; 9:41 AM EST
= +70; signal line is +68 but algorithm remains short
6/20/17; 12:28 PM EST = +54; signal line is +67; go short 2442;
(Benchmark SPX for 2017 = +9.1%)(Keybot algo this trade = +2.2%; Keybot algo
for 2017 = +1.5%)(Actual results this trade = +4.6%; Actual results for 2017 =
-0.6%)
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