Keybot the Quant remains short but the algo number is only 8 points below the signal line and the quant keeps threatening to go long. It is on a silver platter for the bulls if they want it tomorrow.
If GTX runs above 3717.70, and it is only a buck away at 3716.63, and the SPX runs above 5645, Keybot the Quant will likely flip long. That is only about +6 points on the S&P futures so it is an easy bar to step over. Bears need to keep commodities weak or they will succumb to a relief rally for stocks.
The major focus is NYA 19260 and SPX 5663. The US stock market is in serious trouble right now and will become far worse if these indexes remain below their critical values that identify a cyclical bull market versus a cyclical bear market. The cyclical bear market in US equities has started so the bulls must quicky reverse these two metrics, otherwise, the bulls will ride the Highway to Hell.
Stocks may idle early in the week because on Wednesday, Pope Powell brings the tablets down from On High to tell traders how to trade. Keybot the Quant prints a pre-scheduled number on Tuesday morning.
The stock market is set-up for the bulls to take over. Can they? Bears need weaker copper and utilities to turn the stock market selling into a crash.
3/23/25;
7:00 PM EST =
3/18/25;
9:00 AM EST =
3/16/25;
7:00 PM EST = -60; signal line is -52
3/14/25;
3:59 PM EST = -60; signal line is -52
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