Keybot the Quant remains short. The bulls took a beating yesterday. That will leave a mark. The bears remain in control with the algo number turning negative 42 points below the signal line.
Stocks will stabilize if retail stocks rally. Bulls need RTH above 94.50. Bulls will receive further upside strength if the banks, chips and copper can rally.
The bears will continue the downside crash in stocks with either GTX under 2510, NYA under 12240 and/or SPX under 2527. If these three parameters turn bearish, stocks will be in a full-fledged major crash event. Any one of them failing will create another strong leg lower in the stock market.
2/11/18;
7:00 PM EST =
2/8/18; 3:34 PM EST = -10;
signal line is +32
2/7/18;
3:52 PM EST = +6; signal line is +34
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