The bulls must push the NYA back above 12535 (now at 12416) or they are in serious trouble. Each day the NYA remains below 12535 is another day the bears will bite off a chunk of bull flesh. This is the life-line the bulls must cling to. If the bulls can turn the NYA bullish, the imminent turn to the long side will be in play for Keybot.
The bears must push retail stocks lower. Bears need RTH below 108.95 (now at 109.03) which is a game of pennies thus, as retail stocks go, so goes the stock market. Equities will take a big leg lower if retail stocks flip into the bear camp which is only 8 pennies away.
If NYA remains bearish and RTH bullish, stocks will chop along sideways. If RTH fails, and the S&P futures may be hinting that this is in the cards, all eyes should focus on SPX 2807. If the S&P 500 loses 2807, stocks may go into an all-out crash. Extremely bad things will start to happen if the SPX loses 2807. The SPX begins at 2847. Well look at that. S&P futures are down about -40 so perhaps the main event for Monday morning is the SPX testing the Armeggeddon level of 2807 where a bounce or die decision will occur. If SPX 2807 is lost, it's ovah, as they say in Brooklyn.
Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other on Friday morning. Friday is also the EOM and the algorithm takes care of this number on Sunday evening. There are several cross-currents ahead. Markets are closed for Labor Day, next Monday, 9/2/19. Stocks are typically buoyant the two days before a three-day holiday weekend which is Thursday and Friday. However, a new moon peaks on Friday morning and stocks are usually weak moving through the new moon each month.
At 6:28 PM EST Sunday evening, 8/25/19, S&P futures are down.... wait for it.... wait a bit longer for it...... a little bit longer ...... -40 points. The beat goes on.
9/1/19;
7:00 PM EST EOM =
8/30/19;
10:00 AM EST =
8/27/19;
10:00 AM EST =
8/25/19;
7:00 PM EST = -2; signal line is +1
8/23/19;
11:42 AM EST = -2; signal line is +1; go short 2873; (Benchmark SPX for
2019 = +14.6%)(Keybot algorithm program this trade = -0.5%; Keybot algo for
2019 = +10.5%)(Actual results this trade = -0.4%; Actual trading results for
2019 = +22.3%)
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