Sunday, August 30, 2015

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short heading into the new week of trading. The bears remain in full control despite the rally in the back half of last week. The algo is idling along tracking parameters but none are in the top tier of concern to impact broad market direction.

For the SPX starting at 1989, the bulls need to push above 1993 to accelerate the upside which will target 2000+ very quickly. The bears need to push under 1975 which will create a several-handle downside acceleration. A move through 1976-1993 is sideways action to begin the week.

9/6/15; 7:00 PM EST =
9/4/15; 9:00 AM EST =
8/31/15; 7:00 PM EST EOM =
8/30/15; 7:00 PM EST = -54; signal line is +3
8/28/15; 10:00 AM EST = -54; signal line is +5

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