Thursday, July 3, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and does not yet print any numbers this week except for the pre-scheduled number Monday evening. The algo prints another pre-scheduled number before the opening bell today. The bulls are driving the bus. Bears got nothing without GTX 5030 and/or RTH 59.12.

For the SPX starting at 1975, the bulls need to touch the 1977 handle, only two points higher, and an upside acceleration into the mid to high 1980's will occur quickly. The bears need to push under 1973 to accelerate the downside. A move through 1974-1976 is sideways action but unlikely considering the tight range and the ECB Rate Decision and Press Conference and the US Monthly Jobs Report both hit within the next hour.

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

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