Keybot the Quant remains on the long side with the bulls jamming volatility lower to send stocks higher. VIX fell through 11.14 so you knew that the bulls had the upper hand and then a fight occurred at the important VIX 10.67 level identified by Keybot and price failed below sending stocks higher. Isn't is fascinating the algorithm identifies key price points before they occur? VIX closed the session at 10.65 on the bull side of the key 10.67 bull-bear line in the sand. At the same time copper was falling but never fell enough to help the bears. Thus, the bulls slap the bears in the face with the drop in volatility. Slap, slap.
Same routine ahead. Bulls are on easy street and will send the stock market higher with the algo number pegged to the maximum and historic +100. Market bears need either VIX above 10.67 and/or JJC below 34.83. Volatility and copper remain the two parameters most impacting broad stock market direction currently.
If either VIX or JJC turns bearish, either one would do, and the SPX falls below 2578, Keybot will likely flip short. The market bulls have their sights set on SPX 2600 while the bears are praying for higher volatility and lower copper prices. VIX is at 10.27 in early pre-regular session trading and copper futures are trading positively. Bulls slap the bears in the face again. Slap, slap.
11/26/17;
7:00 PM EST =
11/22/17;
10:00 AM EST =
11/20/17; 3:59 PM EST =
+100; signal line is +84
11/20/17; 3:32 PM EST =
+86; signal line is +84
11/20/17; 1:50 PM EST =
+100; signal line is +84
11/20/17; 1: 42 PM EST
= +86; signal line is +84
11/20/17; 10:56 AM EST
= +100; signal line is +84
11/19/17; 7:00 PM EST = +86; signal line is +84
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