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

Keybot the Quant remains long but continues champing at the bit to go short. The algo number is 8 points below the signal line so the algo wants to flip to the short side but the internal parameters are not yet fully latched. If the SPX drops below 2792, Keybot will likely flip short. The week begins at SPX 2801. The bears have it on a silver platter if they want it. S&P futures are +3 about 3 hours before the opening bell so the  bulls are not going down without a fight.

Bulls will benefit if XLF moves above 27.25 or GTX above 2718. Stronger chips will also help the bulls. Commodities are trading weak overnight.

Bears will benefit if the NYA Index drops below 12676. Weaker utes and higher volatility will also hep the bears. Keybot prints one pre-scheduled number this week on Wednesday morning.

7/22/18; 7:00 PM EST =

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

7/15/18; 7:00 PM EST = +38; signal line is +47 but algorithm remains long

7/13/18; 2:21 PM EST = +38; signal line is +46 but algorithm remains long