Tuesday, April 5, 2016

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains on the short side and did not print any numbers on Monday. The bulls could not push JJC above 25.07 so they could not continue the stock  market rally. Tuesday is a fight between copper and the NYA index. If JJC moves above 25.07, the stock market will recover and head higher and Keybot may potentially flip to the long side. If NYA drops under 10140, the stock market is in trouble as it sells off.

If NYA fails at 10140, watch the SPX 2030 level since failure there could send stocks into a free fall drop. For the SPX starting at 2066, the bulls need to push above 2074 to accelerate the upside. The bears need to push under 2063 to accelerate the downside. S&P futures are down -17 points about one-half hour before the regular trading session begins. The bears have the ball. Watch NYA 10140, SPX 2030 and JJC 25.07 to determine market direction.

4/10/16; 7:00 PM EST =
4/3/16; 7:00 PM EST = +64; signal line is +75

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.