Keybot the Quant remains long through the weekend as the bulls slap the bears around for another day. The VIX comes up to the 11.30-11.33 area called out by the algo ahead of time but is spanked back down. That told you that the bears got nothing.
The pre-scheduled number prints and results in a one tick decrease for the algo number from the maximum +100 to +99. The algo number remains 31 points above the signal line with the bulls in full control.
VIX 11.33 will be key on Monday. Bulls rule the stock market as long as VIX remains under 11.33. Also, it looks like the banks and retail stocks will play a key role. The week ahead can be laid out once the Sunday pre-scheduled number prints tomorrow. Trading for the month of July ends on Monday at 4 PM EST (EOM) and August trading begins Tuesday morning.
7/31/17;
7:00 PM EST EOM =
7/30/17;
7:00 PM EST =
7/28/17; 10:00 AM EST
= +99; signal line is +68
7/25/17;
11:48 AM EST = +100; signal line is +66
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