STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is long but champing at the bit to flip back to the short side. The algo number is 4 points below the signal line but the internal parameters will not yet fully latch to permit the move to the bear camp. If the SPX drops below 2741, Keybot will likely flip short. The bears want a slow move lower on Tuesday; a gap-down move at the opening bell would not help the bear cause.

The bulls simply need stronger banks to move stocks higher. Bulls need XLF above 27.82 and the stock market will catapult higher to Glory. Stronger utes would also create stock market upside. Bulls need UTIL above 685.76.

Bears will seize the day if they can push the SPX under 2740-2741 which will be in concert with banks, utilities, copper, commodities and the NYA index all moving lower. The beat goes on.

6/10/18; 7:00 PM EST =

6/4/18; 10:14 AM EST = +52; signal line is +56 but algorithm remains long