The bulls need the SPX to move above the 3113 palindrome and trend higher and Keybot will likely flip long, hence, the imminent turn notation is in the title line. The SPX is at 3110 so watch to see if the S&P futures are up a couple points or more overnight Sunday.
The bears need copper to turn bearish. Bears need CPER below 16.59 and price is only 2 pennies above at 16.61. Bulls will rejoice with upside ecstasy for the stock market if CPER remains above 16.59 and heads higher. Watch to see if copper futures drop from -0.2% to -0.4% which is what the bears need if they want to send stocks south.
Weaker commodities, GTX falling below 2448, and/or higher volatility, the VIX moving above 15.10, will send stocks strongly lower. The stock market will be okay if commodities and volatility remain in the bull camp. If they fail, the stock market will fall apart.
Keybot prints one pre-scheduled number on Tuesday morning. The trading month of November finishes on Friday (EOM). Thursday is the Thanksgiving Day holiday so markets are closed. Friday is an early close. Trading volume may be light. The stock market is usually quiet and buoyant around Thanksgiving but in these epic times, anything goes.
Watch Doctor Copper; he's laying on the gurney but the central bankers and US-China trade representatives keep shooting him with morphine every now and then so he jumps up and dances a jig.
12/1/19;
7:00 PM EST EOM =
11/26/19;
10:00 AM EST =
11/24/19;
7:00 PM EST = +88; signal line is +81 but algorithm remains short
11/22/19;
10:52 AM EST = +88; signal line is +81 but algorithm remains short
11/22/19;
10:00 AM EST = +72; signal line is +81
11/21/19;
9:36 AM EST = +72; signal line is +80
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