STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the bulls rally stocks late in the day in the Monday session. The algo is very active printing seven numbers on Monday. The algo number is 19 big points above the signal line so Keybot is champing at the bit to go long but the internal parameters will not fully latch to permit the move.

For Tuesday, a shortened session in front of the July 4th Independence Day holiday, the bulls are all set to flip the algo long and probably will do so if the SPX moves above 2727 and moving higher. The SPX begins at 2726 so the bulls are feeling pretty good. Strong chips will help the bulls.

The bears need to keep the S&P  futures red overnight and the SPX negative during the Tuesday session to prevent the flip to the bull side.

Bears need UTIL to fall below 712.57, RTH under 99 and/or VIX above 16.00. The VIX 16.00 level will tell you a lot about market direction; bulls win below 16 while bears win above.

7/8/18; 7:00 PM EST =

7/6/18; 9:00 AM EST =

7/2/18; 3:51 PM EST = +38; signal line is +19 but algorithm remains short

7/2/18; 2:08 PM EST = +24; signal line is +19 but algorithm remains short

7/2/18; 12:06 PM EST = +8; signal line is +20

7/2/18; 11:17 AM EST = +24; signal line is +20 but algorithm remains short

7/2/18; 10:57 AM EST = +8; signal line is +21

7/2/18; 9:36 AM EST = +24; signal line is +22 but algorithm remains short
7/2/18; 3:07 AM EST = +8; signal line is +23

7/1/18; 7:00 PM EST EOM EOQ2 EOH1 = +22; signal line is +23
6/29/18; 10:00 AM EST = +22; signal line is +24