Tuesday, July 1, 2014


Keybot the Quant remains long as the same old upside market song plays on. The bulls print new all-time highs on the indexes. The algo did not print any numbers during the Tuesday session. The bears need either RTH 59.12, GTX 5030 and/or VIX 13.40, or they got nothing. The bears do not have any strength so equities float higher.

For the SPX starting at 1973, the bulls need to push above 1978.50 and bingo, a few handles of upside will occur quickly sending price well above 1980. The bears need to push under 1962 to accelerate the downside. A move through 1963-1978 is sideways action. The bulls are cruising without worry or concern. Two trading days remain in the week.

7/3/14; 9:00 AM EST =
6/30/14; 7:00 PM EST EOM = +81; signal line is +63

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.