Keybot the Quant is on the short side but the bulls are bouncing back as the Fed maintains its jackboots on the throat of volatility. The quant wants to flip back to the long side with the algo number 4 points above the signal line.
If the SPX moves above 3703 after the opening bell and trending higher, Keybot will likely flip back to the long side. The SPX begins the day at 3695. Look at that. S&P futures are up +8. Of course they are. The bulls are going to make a run for it.
VIX drops to 23.55. Bears need VIX above 25.33 so they got their work cut out for them. The stock market will deteriorate if the VIX moves above 25.33. If VIX remains below 25.33, the bulls will regain control of the stock market and begin pushing higher again.
12/27/20;
7:00 PM EST =
12/23/20;
10:00 AM EST =
12/22/20; 3:22 AM EST =
+72; signal line is +68 but algorithm remains short
12/22/20; 3:06 AM EST =
+58; signal line is +67
12/21/20; 12:33 PM EST = +72; signal line is +68 but
algorithm remains short
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