Keybot the Quant remains long after today's roller coaster ride. VIX 14.48 remains the key. For Tuesday, if the VIX moves above 14.48 and the SPX below 2050, and both honor these levels for 5 or 10 minutes and more, Keybot will likely flip short.
The bears are threatening but do not have enough strength. Bears need higher volatility. Keybot is also tracking NYA 10735. The NYA is at 10888 and bad mojo will develop for equities if the 10735 level fails so keep that in the back of your mind.
For the SPX starting at 2053 on Tuesday, the bulls need to touch the 2066 handle to create an upside acceleration. The bears need to push price under 2050 to accelerate the downside. A move through 2051-2065 is sideways action. The bulls continue to drive the bus.
The bears are threatening but do not have enough strength. Bears need higher volatility. Keybot is also tracking NYA 10735. The NYA is at 10888 and bad mojo will develop for equities if the 10735 level fails so keep that in the back of your mind.
For the SPX starting at 2053 on Tuesday, the bulls need to touch the 2066 handle to create an upside acceleration. The bears need to push price under 2050 to accelerate the downside. A move through 2051-2065 is sideways action. The bulls continue to drive the bus.
12/5/14; 9:00 AM EST =
12/1/14; 1:03 PM EST = +58; signal line is +56
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