Keybot the Quant remains long but is champing at the bit to go short with the algo number one single point below the signal line. Bears had it on a silver platter today. All they had to do was push the SPX below 6904 but it only got down to 6920.
The imminent turn to the downside is in play and the bears are being handed the stock market tomorrow, if they want it. If UTIL remains down the crapper well under 1063, and the SPX drops only a couple points to below 6919, Keybot the Quant will likely flip short.
The SPX runs higher today, 1/7/26, printing a new all-time high at 6965.69, call it 6966. The all-time closing high is yesterday, 1/6/26, at 6944.82, call it 6945.
The S&P 500 was at the record high at 6966 but the UTIL 1063 trap door opened, utilities fell through, and the SPX fell to 6920 a 46-point retreat. It still was not enough, however, because the bears needed the SPX below 6904 today to flip short.
Bulls must push UTIL back above 1063 pronto or their world will begin crumbling around them.
Thus, bulls need UTIL 1063 and higher to save the day and take stocks higher. Bears need UTIL to remain below 1063, and for the SPX to drop below 6919, and the quant will likely flip short. Bears do not want a gap down move at the opening bell since that will probably delay any potential move to the downside by about 90 minutes. Bears would be best off to see S&P futures flat or down a point or two and then at the opening bell slowly drift lower and lower.
Tomorrow will be interesting. Will the quant flip short, or not? It is all on the line. As utes go, so goes the stock market. Well, is it time for The Drop?
1/11/26;
7:00 PM EST =
1/9/26;
9:00 AM EST =
1/7/26;
10:16 AM EST = +24; signal line is +25 but algorithm remains long
1/5/26;
3:56 PM EST = +40; signal line is +25
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