Thursday, October 18, 2018

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

Keybot the Quant remains short as the stock market continues to chop sideways from the high volatility. Bulls will benefit from stronger copper. If CPER moves above 17.40, and the SPX above 2813, Keybot will likely flip long.

Bears need weaker commodities and utilities and will benefit from GTX below 2765 and UTIL under 729.37, respectively. One of the three parameters should flinch going forward which will confirm the stock market direction ahead. The bears remain in charge with the algo number 13 points below the signal line. Watch copper, commodities and utilities.

10/21/18; 7:00 PM EST =
10/17/18; 11:20 AM EST = +8; signal line is +21
10/17/18; 9:00 AM EST = +24; signal line is +23 but algorithm remains short
10/16/18; 10:13 AM EST = +24; signal line is +25

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