Keybot the Quant remains bearish moving into the Friday session. It took the whole Thursday session for copper to fail but in the last minute of trading, it did. Watch JJC 39.97 as the bull-bear line in the sand. JJC begins the day at 39.96 causing market bearishness, albeit by only one single penny. If JJC continues lower, so will equities. If JJC rebounds from here, so will equities. Copper is weak in early trading.
For the SPX starting at 1638, the bulls need to touch 1646.50 to launch an upside acceleration. The bears need to push under 1631 to create a downside acceleration. A move through 1632-1645 is sideways action. Keybot prints a pre-scheduled number at 10 AM so the action can be updated at that time. Copper is the key today.
9/1/13;
7:00 PM EST EOM =
8/30/13;
10:00 AM EST =
8/29/13; 3:59 PM EST
= -30; signal line is -3
8/27/13;
10:00 AM EST = -14; signal line is -2
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