Keybot the Quant remains bearish. Stock market direction is currently dictated by volatility and commodities. Stock market bulls need the VIX below 13.20 (now at 13.88) while the bears need GTX below 2711 (now at 2721). One of these two parameters will flinch and tell you the path ahead for equities.
If the VIX remains above 13.20 in the bear camp and GTX above 2711 in the bull camp, stocks will chop sideways with a slight downward bias. If the GTX turns bearish, the stock market will take a strong leg lower and if the VIX takes out the 14.65 level heading higher, stocks will be dropping like a rock.
If VIX falls below 13.20, consider the imminent turn to the long side to be in play especially if the SPX rallies above 2894. The beat goes on.
9/9/18;
7:00 PM EST =
9/7/18;
9:00 AM EST =
9/5/18; 3:06 AM EST = +70;
signal line is +75
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