Traders and investors are joyous that the central banks keep pumping stocks higher. Banks are happy with the steeper yield curve as yields pop. The bullishness in copper has bulls performing jigs of joy.
Bears need XLF below 27.18 and/or CPER below 16.39 to stop the stock market upside. Bulls need GTX above 2429 and VIX below 15.74 to catapult the SPX above 3K. The bulls must push VIX below 15.74 otherwise the upside in equities will fail. The VIX is currently printing at 15.82 with a LOD at 15.77. Watch it closely. The bulls are in the driver's seat with the algo number 41 points above the signal line. The caution flag is taken down as the bull's are partying like its 1999, as Prince would sing.
9/6/19;
9:00 AM EST =
9/5/19;
9:36 AM EST = +56; signal line is +15
9/3/19;
3:21 PM EST = +24; signal line is +13
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