Keybot the Quant remains short during the holiday weekend. Trading resumes Tuesday morning. Volatility and copper remain key. Watch VIX 13.13 and JJC 41.73. Both are causing market negativity right now. If the broad indexes recover, the bulls need at least one of these two sectors to verify the recovery, if not, the markets will likely roll over again after any bounce. The algo is also tracking utilities; the UTIL 481 level. Markets will become far more negative if 481 fails but the bulls will be in continual position to regain control of markets as long as UTIL stays above 481.
For the SPX starting at 1650, the bulls only need to see green futures overnight Monday and a market bounce will be on tap Tuesday morning with the SPX moving up towards 1660. The bears need to push price under 1637 to accelerate the downside. A move through 1638-1650 is sideways action for Tuesday. Keybot prints a pre-scheduled number one-half hour after the markets reopen so the action can be updated at that time. Another pre-scheduled number prints this week on Friday morning. The month of May ends on Friday, EOM. Markets remain erratic and unstable.
6/2/13;
7:00 PM EST EOM =
5/31/13;
10:00 AM EST =
5/28/13;
10:00 AM EST =
5/26/13; 7:00 PM EST
= +32; signal line is +42
5/23/13;
9:45 AM EST = +32; signal line is +44
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