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

Keybot the Quant remains short as the chips and high volatility jump back into the bear camp. The algo prints four numbers to begin the week and the algo is back under the signal line by 14 points. Chips, volatility and banks dictate the path ahead for the stock market.

Bears need XLF under 28.02 (now at 28.11) and stocks will take a significant leg lower.

Bulls need either SOX above 1367 (now at 1357.48) and/or VIX below 13.03 (now at 13.68).  If one of the two turn bullish, the turn to the long side is firmly on the table. If both turn bullish, the stock market will be ramping higher towards new all-time highs. If either SOX or VIX turns bullish, either one would do, and the SPX moves above 2905, Keybot will likely flip long, hence the imminent turn notation remains in the title line.

Bears need weaker banks while bulls need stronger chips and lower volatility. Watch XLF 28.02 since that likely tells you if the stock market plans on collapsing, or not. The odd price action continues.

9/23/18; 7:00 PM EST =
9/19/18; 9:00 AM EST =

9/17/18; 3:12 PM EST = +54; signal line is +68

9/17/18; 3:03 PM EST = +70; signal line is +68 but algorithm remains short

9/17/18; 2:00 PM EST = +84; signal line is +66 but algorithm remains short

9/17/18; 1:20 PM EST = +70; signal line is +65 but algorithm remains short

9/16/18; 7:00 PM EST = +84; signal line is +64 but algorithm remains short