Keybot the Quant remains long. Retail stocks pop higher so the bulls slap the bears in the face. Slap, slap. Then commodities rally further slapping the bears. Slap, slap. The algo number is at the maximum level at +100; it is pegged into the ceiling. All parameters and sentiment are euphoric.
The bears need lower commodities to stop the upside rally. Bears need GTX under 2202.90 (now at 2203.21). Bears will also benefit from RTH under 80.63 (now at 81.51). These are historic and epic times in markets. The bears are relentlessly beaten each day. As they say in the US Army, 'the beatings will continue until moral improves'. If bears want to fight back, they need to push commodities and retail stocks lower. The bulls are in full control dancing, drinking and singing songs.
7/28/17;
10:00 AM EST =
7/25/17; 11:48 AM EST
= +100; signal line is +66
7/25/17; 10:00 AM EST
= +86; signal line is +64
7/25/17; 9:41 AM EST
= +86; signal line is +62
7/23/17;
7:00 PM EST = +70; signal line is +59
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