Keybot the Quant remains long with the bulls punching the bears in the face after ECB President Draghi's dovish comments. The algo is active printing six numbers. The bulls are cruising again with the algo number 24 points above the signal line but the caution flag remains out. Bears need SPX below 2050 to stop the upside rally. RTH under 75.80 will also create selling pressure. Bulls need JJC above 28.07 to continue the upside rally so watch copper overnight.
For the SPX starting at 2053 on Friday, the bulls need to push above 2055 to accelerate higher. The bears need to push under 2022 to accelerate lower a formidable task so bears will instead focus on pushing SPX under 2050 and RTH under 75.80 which will stop the upside rally and reverse the stock market to the downside. The bulls are winning since the central bankers are on their side.
10/25/15;
7:00 PM EST =
10/22/15; 2:59 PM EST
= +54; signal line is +30
10/22/15; 2:03 PM EST
= +40; signal line is +29
10/22/15; 12:29 PM
EST = +54; signal line is +28
10/22/15; 10:57 AM
EST = +40; signal line is +27
10/22/15; 9:52 AM EST
= +56; signal line is +26
10/22/15; 9:36 AM EST
= +40; signal line is +25
10/21/15;
3:22 PM EST = +24; signal line is +24 but algorithm remains long
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