The bulls are hurting. Bulls will likely try to push copper higher on Monday to try and start a relief rally in the stock market. Bulls need CPER above 17.35 (now at 17.23). Thus, watch the copper futures overnight to see if they are up or down and if up, if they are over +0.7% higher. That will tell you about the stock market direction when Monday begins trading in the regular session. If CPER moves above 17.35, consider the imminent turn to be in play for the algorithm, however, the SPX will likely need a rally above 2708 on Monday to flip long.
Utilities are in the stratosphere. UTIL is at 754. Bears need this to drop to 726.41 any day this week to create further weakness in stocks. Keybot does not print any pre-scheduled numbers this week. Copper should be key on Monday.
12/16/18;
7:00 PM EST =
12/9/18; 7:00 PM EST = -20; signal line is -6
12/7/18; 10:00 AM EST = -20; signal line is -5
12/9/18; 7:00 PM EST = -20; signal line is -6
12/7/18; 10:00 AM EST = -20; signal line is -5
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