Bears need weaker banks, XLF under 27.98 (now at 28.19), and stocks will tumble lower. S&P futures are -13 as this message is typed but it means nothing unless XLF fails.
Bulls need JJCTF above 30.41 (now at 30.41) and/or RTH above 108.38 (now at 108.18). Copper futures trade higher so that will be a win for the bull camp since JJCTF will pop higher at the opening bell for the regular session.
Each of the three parameters sit on their respective bull-bear lines so the stock market is a coin-flip. This is why the caution flag is out. Today may be a wild day. The open will tell a lot. If both JJCTF and RTH turn bullish, consider the imminent turn in play, and if the SPX is above 2889 and moving higher, Keybot will likely flip long.
For now, the bears rule with the algo number 23 points below the signal line. Bears need XLF under 27.98 and dropping, otherwise, the bulls will probably stage a recovery.
For now, the bears rule with the algo number 23 points below the signal line. Bears need XLF under 27.98 and dropping, otherwise, the bulls will probably stage a recovery.
10/14/18;
7:00 PM EST =
10/12/18;
10:00 AM EST =
10/8/18; 12:16 PM EST =
+38; signal line is +61
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