SPX Daily Chart Showing Keybot the Quant Algorithm Turns

Keybot the Quant flips to the short side today after the long 6-week uptrend. Note the sideways range at 1610-1675 so pay attention to these levels as time ticks by.  The sideways churn in June wreaks havoc on algo's but Keybot is navigating well. The sideways choppiness is created by the higher volatility.The chart shows the algo turns for 2013 thus far. Pay attention to JJC 39.00 (causing bullishness), GTX 4795 (causing bearishness) and SOX 473.36 (causing bullishness) to determine market direction forward.  The bears are driving the bus as the Thursday session begins. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.