Keybot the Quant remains short. The market bears came to play pushing retail stocks lower and volatility higher creating market negativity. Friday will be a fight between financials and volatility. Bulls will stop the market selling if VIX drops under 14.42 now at 14.71. Market bears will create further market mayhem if XLF drops under 24.50 now at 24.65.
For the SPX starting at 2096, the bulls need to touch the 2113 handle and bingo, the upside will accelerate to 2118-2122 very quickly. The bears need to push under 2093 which will immediately test 2091 and then collapse stocks down into the 2080's. A move through 2094-2112 is sideways action to end the week. The bears are driving the bus. Watch financials and volatility since these two parameters are most greatly impacting market direction currently.
6/7/15;
7:00 PM EST =
6/5/15;
9:00 AM EST =
6/4/15; 10:36 AM EST
= +0; signal line is +22
6/4/15; 9:55 AM EST =
+14; signal line is +23
6/4/15; 9:36 AM EST =
+0; signal line is +24
6/3/15;
3:59 PM EST = +30; signal line is +26 but algorithm remains short
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