Volatility remains subdued so the bears cannot gain downside traction. Chips and commodities are trying to break out higher but are having difficulty. Six different times Keybot wanted to flip long during the hump day session but the internal parameters would not fully latch so the move was prohibited. Note that the bears are in charge but the algo number is only 1 measly point below the signal line.
Bears need VIX above 13.56 (now at 12.25) as soon as possible to take the stock market lower.
Bulls need SOX above 1354.57 (now at 1354.53) and/or GTX above 2702.78 (now at 2700.88). It is amazing how the algo can identify these key parameters and their levels before they occur. Watch these two parameters closely since the bulls only need 4 pennies with the semiconductors and only two bucks for the commodities. One of the three parameters above will flinch and immediately tell you the stock market direction ahead.
If SOX or GTX turn bullish, either one will do, and the SPX moves above 2867.54, Keybot will likely flip long. The erratic price action continues.
8/26/18; 7:00 PM EST =
8/22/18; 3:59 PM EST = +54; signal line is +55
8/22/18; 3:20 PM EST = +70; signal line is +56 but
algorithm remains short
8/22/18; 2:14 PM EST = +54; signal line is +57
8/22/18; 1:52 PM EST = +68; signal line is +57 but
algorithm remains short
8/22/18; 1:36 PM EST = +84; signal line is +57 but
algorithm remains short
8/22/18; 1:07 PM EST = +68; signal line is +57 but
algorithm remains short
8/22/18; 12:55 PM EST = +54; signal line is +57
8/22/18; 12:21 PM EST = +68; signal line is +58 but
algorithm remains short
8/22/18; 12:12 PM EST = +54; signal line is +58
8/22/18; 11:52 AM EST = +70; signal line is +59 but algorithm remains short
8/19/18; 7:00 PM EST = +54; signal line is +59
8/22/18; 11:52 AM EST = +70; signal line is +59 but algorithm remains short
8/19/18; 7:00 PM EST = +54; signal line is +59
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