Keybot the Quant remains long and the bulls are cruising. Volatility was crushed lower today which created further bull fuel. Interestingly, the bulls need utilities to move higher to send the SPX to 1700+ but utes stumbled lower today. More VIX drama should be on tap for Thursday; watch VIX 14.58. Also watch JJC 39.94 and GTX 4882. All three are bullish and markets continue higher if they remain bullish. Bears need to bring one of the three into the bear camp to stop the upward market momo.
For the SPX starting at 1689, closing at the highs once again, the bulls only need to see a tiny smidge of positivity in the overnight futures and the upside will accelerate. The 1691 is the last strong resistance level before 1700+ so a lot is on the line now. The bears need to push under 1679 to accelerate the downside. A move through 1680-1688 is sideways action.
9/13/13;
10:00 AM EST =
9/11/13; 10:05 AM EST
= +47; signal line is -1
9/11/13; 9:31 AM EST
= +33; signal line is -3
9/10/13;
3:59 PM EST = +47; signal line is -3
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