STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short after an active afternoon. Volatility exploded higher which sent equities lower. Watch VIX 14.30, now at 15.12 causing market negativity. Watch GTX 4864, now at 4917 causing market bullishness. So bears need GTX 4864 to receive more downside fuel while the bulls need VIX 14.30 to send equities higher. If the VIX drops under 14.30, and the SPX prints above 1874, and both remain bullish, Keybot will likely flip long, hence the imminent turn notation remains.

For the SPX starting at 1861 in the Thursday session, the bulls need to push above the strong 1874 resistance to create an upside acceleration into the 1880's. The bears need to push under 1850 to accelerate the downside. A move through 1851-1873 is sideways action. The markets explore a wide range today and end in the middle unable to fully commit to one side or the other. The bears continue to have a small edge but equities remain a coin-flip. Bears need lower commodities and financials. Bulls need lower volatility.

3/23/14; 7:00 PM EST =

3/19/14; 2:44 PM EST = +48; signal line is +52

3/19/14; 2:25 PM EST = +62; signal line is +52 but algorithm remains short

3/19/14; 2:05 PM EST = +48; signal line is +52

3/19/14; 1:30 PM EST = +62; signal line is +51 but algorithm remains short

3/18/14; 2:21 PM EST = +48; signal line is +51