Keybot the Quant remains short as the bears growl today creating market weakness with lower semiconductors and higher volatility. For Tuesday, bulls need either SOX above 714.80 and/or VIX under 14.30 to stop the market selling. Bears need to push either NYA under 10887 and/or XLF under 24.54 to create further market selling.
For the SPX starting at 2079, any red in the S&P futures will create a downside acceleration after the opening bell. The bulls must fight to keep the futures positive. The bulls must push the SPX above 2093 to accelerate the upside. A move through 2080-2092 is sideways action. The bears are driving the bus and receive more fuel with a weaker NYA Index and/or financials. Bulls will begin a recovery rally if semiconductors move higher or volatility lower.
6/12/15;
10:00 AM EST =
6/8/15; 12:46 PM EST
= -16; signal line is +11
6/8/15; 12:16 PM EST
= +0; signal line is +13
6/8/15; 12:08 PM EST
= -16; signal line is +13
6/8/15; 9:36 AM EST =
+0; signal line is +15
6/7/15;
7:00 PM EST = +14; signal line is +16
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