Keybot the Quant remains long but keeps teasing a move to the short side. Volatility is playing games with the VIX moving above and below the key 11.16 level. The algo number will drop again after the opening bell with VIX above 12 currently. Thus, if the SPX drops below 2462, Keybot will likely flip short. Yesterday, the bear's threatened to take stocks lower but they did not have enough gas and could not take out the initial lows in the session.
Market bulls need to push volatility lower and send VIX below 11.16 to resume the upside rally. Market bears will growl with VIX above 11.16 and especially above 12. The SPX 2462 level is key in the early going.
8/13/17;
7:00 PM EST =
8/9/17; 3:59 PM EST =
+99; signal line is +89
8/9/17; 9:36 AM EST =
+85; signal line is +88 but algorithm remains long
8/8/17;
3:45 PM EST = +99; signal line is +88
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