Sunday, August 16, 2020

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is set to begin. The bulls remain in charge of stock market direction with the algo number 7 points above the signal line.

Bulls need UTIL above 835.50 as fast as possible to prove that the stock market can still float upward.

Bears need to keep UTIL below 835.50 and dropping. Bears need CPER below 17.24. Monday will probably be a scenario where stronger utes will make the bulls win while weaker copper will make the bears win. If copper futures lose about -3%, and the SPX falls below 3326 trending lower, Keybot will likely flip short. Copper and utilities are the main drivers of stock market direction currently.

Keybot prints one pre-scheduled number this week on Tuesday morning. Markets remain erratic and unstable.

8/23/20; 7:00 PM EST =
8/18/20; 9:00 AM EST =
8/16/20; 7:00 PM EST = +53; signal line is +46
8/14/20; 10:00 AM EST = +53; signal line is +46

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