STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is on the long side but champing at the bit to go short. The aglo number is 2 points below the signal line and the quant will likely flip short at Thursday's opening bell if the SPX drops below 2851, hence the imminent turn notation is in the title line. S&P futures are tanking -20 points and the VIX spikes above 15.80 about 5 hours before the opening bell for the US regular trading session. A lot can happen over the coming hours and President Trump may try to save the stock market with happy trade talk.

The bears will growl if the VIX remains above 14.78. The bears will slash deeper if XLF drops below 26.96 (watch this in the pre-market and at the opening bell since the banks will tell you a lot about stock market direction). The selling will intensify and stocks will be falling like rocks if GTX loses 2545 and/or NYA drops below 12486.

The bulls need to push volatility (VIX below 14.78) lower pronto. The bulls will also benefit and hold off the bears if they can push RTH above 105.50. The beat goes on.

Typically, the stock market floats higher the two days before a three-day holiday weekend but traders are in a bad mood this morning. The US stock market is closed on Monday for the Memorial Day holiday.

5/26/19; 7:00 PM EST =

5/23/19; 3:06 AM EST = +38; signal line is +40 but algorithm remains long

5/22/19; 2:29 PM EST = +52; signal line is +40

5/22/19; 12:30 PM EST = +38; signal line is +39 but algorithm remains long

5/22/19; 12:01 PM EST = +52; signal line is +38

5/22/19; 10:36 AM EST = +38; signal line is +36

5/22/19; 10:26 AM EST = +52; signal line is +35

5/22/19; 6:48 AM EST = +38; signal line is +34

5/22/19; 5:31 AM EST = +52; signal line is +35

5/21/19; 2:54 PM EST = +38; signal line is +35