Keybot the Quant remains long. The three parameters previously listed rule the roost for Wednesday's trade; VIX 14.00, JJC 39.92 and RTH 58.70. These parameters are all within pennies of the bull-bear lines so anything can happen. Bears will chart the path downward with VIX above 14 and/or JJC under 39.92. Bulls will win if RTH moves above 58.70. Since copper, JJC, is only one granule away from the bull-bear line in the sand, copper will likely tell the tale. Bears need weaker copper overnight. Bulls need stronger copper.
For the SPX starting at 1841, the bulls need to punch up through the critical 1843 resistance and an upside acceleration occurs. The wine will be flowing like water for the bulls since new all-time highs above 1848-1851 will be on the way. The bears need to push under 1835 to accelerate the downside. A move through 1836-1842 is sideways action. Bears must attain either the higher volatility or lower copper to stop the market upside, otherwise markets will float sideways to sideways higher. Keybot prints a pre-scheduled number in the morning. Bulls are cruising along without a worry or care.
2/23/14;
7:00 PM EST =
2/19/14;
9:00 AM EST =
2/18/14; 12:32 PM EST
= +62; signal line is +13
2/18/14;
10:39 AM EST = +48; signal line is +11
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