Keybot the Quant remains long moving into the Friday session. The algo continues to fixate on volatility and copper. One of them is going to flinch dictating the path ahead. Bulls need higher copper. Bears need higher volatility. Bears need VIX above 14.36 to create market selling and if SPX drops under 2040.50, Keybot will likely flip short. Bulls need JJC above 36.95 to signal another leg higher for equities. Status quo will create sideways action with a slight upward bias floating into the weekend.
For the SPX starting at 2053, the bulls only need one point, to touch the 2054 handle and bingo, the upside will accelerate to 2060. Bears need to push under 2040.50 to accelerate the downside. A move through 2041-2053 is sideways action to end the week. The bulls are in control but the bears are knocking on the door.
For the SPX starting at 2053, the bulls only need one point, to touch the 2054 handle and bingo, the upside will accelerate to 2060. Bears need to push under 2040.50 to accelerate the downside. A move through 2041-2053 is sideways action to end the week. The bulls are in control but the bears are knocking on the door.
11/23/14; 7:00 PM EST =
11/20/14; 9:54 AM EST = +61; signal line is +49
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.