Keybot the Quant remains bearish as the new week of trading begins. The algo identifies volatility and commodities as the two key market directional drivers currently. Watch VIX 14.28. VIX is at 15 causing bearishness so the bulls need VIX 14.28 or they got nothing. Watch GTX 4864. GTX is at 4911 causing bullishness in equities so the bears need GTX 4864 if they want to create more downside energy.
For the SPX starting at 1867, the bulls need to move above 1884 and an upside acceleration into the 1890's occurs in quick order. The bears need to push under 1863.50 to accelerate the downside. A move through 1864-1883 is sideways action for Monday. If the VIX drops under 14.28, consider the imminent turn status to be in immediate play, and if the SPX moves above 1884, and both parameters remain bullish, Keybot will likely flip long.S&P futures are +1 on Sunday evening. Keybot prints two pre-scheduled numbers this week; one on Tuesday morning and one on Friday morning.
3/30/14;
7:00 PM EST =
3/28/14;
10:00 AM EST =
3/25/14;
10:00 AM EST =
3/23/14; 7:00 PM EST
= +48; signal line is +54
3/21/14;
1:28 PM EST = +48; signal line is +54
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