Keybot the Quant remains bullish with the algo number a big 45 points above the signal line.
Bulls need higher utilities to prove that the upside rally has legs. Bulls need UTIL above 894. UTIL begins at 866.66.
Bears need weaker copper, banks, chips and retail stocks while pushing volatility higher. Bears need CPER below 23.47 now at 23.71. That is a 1% difference and copper futures are currently down -0.9% so the bears are trying to halt the stock market rally with the red metal.
9/10/23;
7:00 PM EST =
9/3/23;
7:00 PM EST = +43; signal line is -2
9/1/23;
9:00 AM EST = +43; signal line is -4
8/31/23;
7:00 PM EST EOM = +43; signal line is -6
8/29/23;
10:08 AM EST = +43; signal line is -9
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