STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish. The drama with UTIL 477.91 will continue. The bulls need to move UTIL above 477.91 to stop the market slide south.  Also, the bulls can develop strength if the GTX moves above 4760.  The bears need to keep UTIL under 477.91 and the market negativity continues. Also, the bears can develop more downside juice if RTH drops under 51.00 and/or JJC drops under 41.40. If UTIL moves above 477.91 and the SPX moves above 1629, Keybot will likely flip to the long side.

For the SPX starting at 1609, the bears only need two negative points, to push under 1607, and the downside will open wide with price printing 1600 in short order. The bulls need to move above 1629 to accelerate the upside, a formidable task of 20 handles higher, but not impossible, especially in these wild and volatile markets. A move through 1608-1628 is sideways action. Markets remain erratic and unstable. UTIL 477.91 will dictate if the broad indexes are moving higher or lower.

6/7/13; 9:00 AM EST =

6/4/13; 11:21 AM EST = +20; signal line is +35

6/4/13; 10:58 AM EST = +36; signal line is +37