Keybot the Quant remains short. The algo prints three more numbers today. The bulls are smacked in the face with the NYA falling under 10750 and as the previous message warned; equities would collapse and they did. The bulls are in trouble and got nothing unless they push the NYA back above 10750. Markets will deteriorate if the NYA stays below 10750.
For the SPX for Thursday, starting at 2026, the bulls need to retrace the Wednesday drop, a formidable task, so instead the bulls will focus on pushing volatility lower and moving the NYA above 10750. The bears need to push under SPX 2024 to accelerate the downside so watch to see if the S&P futures can provide a couple points of negativity overnight. A move through 2025-2058 is sideways action. Interestingly, Keybot did not whipsaw after the turn short first thing Tuesday morning.
12/12/14;
10:00 AM EST =
12/10/14; 12:13 PM
EST = +30; signal line is +52
12/10/14; 11:55 AM
EST = +44; signal line is +53
12/10/14; 11:36 AM
EST = +30; signal line is +53
12/10/14;
11:00 AM EST = +44; signal line is +54
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