Keybot the Quant remains long moving into the new week of trading. NYA 10202 is the line in the sand for bulls and bears. NYA begins at 10223 in the bull camp creating bullishness in the stock market. Bears got nothing unless they move NYA under 10202. Bulls will send the stock market sideways to sideways higher as long as NYA remains above 10202.
For the SPX starting at 2050, the bulls need two points of upside, to push above 2052 and the upside will immediately accelerate towards 2060. The bears need to push below 2041 to accelerate the downside into the low 2030's in a heartbeat. A move through 2042-2051 is sideways action to begin the week. The bulls are in charge with the algo number 25 points above the signal line. Keybot is seriously overbot now at +92 so although bullish, there may be something nasty coming in the days and weeks ahead. Keybot does not print any pre-scheduled numbers this week. The trading week is only four days with markets closed for Good Friday.
3/27/16;
7:00 PM EST =
3/20/16; 7:00 PM EST
= +92; signal line is +67
3/18/16;
1:48 PM EST = +92; signal line is +65
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