Bears need VIX above 15.08, RTH below 118.08 and/or UTIL below 848.30. The caution flag will be out if one of the three parameters turn bearish. The imminent turn to the short side will be in play if 2 of the 3 turn bearish. If all 3 turn bearish, stocks will be falling like rocks. If all 3 remain bullish, every day will continue to be a party for the bulls.
UTIL 848.30 is critically important this week. If UTIL fails below here, the stock market is in serious trouble on a longer-term (many months and a year or two ahead) basis going forward. If UTIL remains above 848.30 and is ramping higher, the bulls will remain on easy street with record stock market highs continuing.
Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other Friday morning.President Trump will be impeached by the House of Representatives this week due to the Ukraine scandal. It will be interesting to see if markets react to that news.
Bulls are joyous and euphoric professing blue skies and rainbows ahead. Bears need higher volatility and weaker retail stocks and utilities to create stock market negativity. The stock market remains highly unstable and erratic.
12/22/19;
7:00 PM EST =
12/20/19;
10:00 AM EST =
12/17/19;
9:00 AM EST =
12/15/19;
7:00 PM EST = +88; signal line is +53
12/11/19;
3:59 PM EST = +88; signal line is +52
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