Keybot the Quant remains bullish. Copper popped yesterday supplying more bull fuel. Watch JJC 39.21; now at 39.47 creating bullishness. Watch VIX 14.18; now at 12.66 creating bullishness. Markets will continue floating higher with JJC above 39.21.
For the SPX starting at 1692 for the Wednesday session, the bulls need to touch the 1699 handle and an upside acceleration into the low 1700's is a given. The bears have the easier road for today only needing one point lower, to drop under 1691, to create a downside acceleration. A move through 1692-1698 is sideways action. S&P futures are +4 at this writing about five hours before the opening bell. The bulls are driving the bus and the copper buoyancy is a big plus for further upside, however, markets remain unstable.
7/26/13;
10:00 AM EST =
7/23/13; 10:57 AM EST
= +66; signal line is +33
7/22/13;
11:44 AM EST = +50; signal line is +30
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