Wednesday, August 10, 2016

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is a hair away from flipping short. If the SPX drops under 2174, Keybot will likely flip short. Copper rallied this morning so the bull's were joyous but then copper fell on it sword with JJC dropping under the key bull-bear line in the sand at 24.88. Stocks will sell off if JJC remains under 24.88 heading lower. Bulls will celebrate with the stock market rallying if the JJC moves above 24.88.

Watch SPX 2174.00. Price is at 2175.66 only 1-1/2 point above. The bears have it on a silver platter; all they have to do is grab it. The bears are so close to flipping the algo short they can taste it.

8/14/16; 7:00 PM EST =
8/12/16; 10:00 AM EST =
8/10/16; 12:37 PM EST = +63; signal line is +76 but algorithm remains long
8/10/16; 9:36 AM EST = +79; signal line is +77
8/7/16; 7:00 PM EST = +63; signal line is +77 but algorithm remains long

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