Keybot the Quant remains long moving into the Wednesday session. Same-o scenario on tap. Bulls win with JJC above 38.61. Bears win with VIX above 12.83. Today was status quo so sideways to up would be expected and another 10 handles of up occurs for the SPX.
For the SPX starting at 1982, the bulls need only one point of upside in the overnight futures and bingo, another upside acceleration occurs to test at or near all-time highs at 1985-1991. The bears need to push below 1973 to accelerate the downside. A move through 1974-1982 is sideways action. Bulls need higher copper but price actually dropped -0.8% on Tuesday. Bears need higher volatility or they got nothing.
8/24/14;
7:00 PM EST =
8/19/14; 9:00 AM EST
= +53; signal line is +24
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