Wednesday, August 10, 2016


Keybot the Quant remains long but wants to flip short (algo number is under the signal line). The internal parameters will not yet latch completely to allow the  move to the bear side. The SPX dropped under 2174 but the price behavior was not acceptable to trigger the move to the short side. So the beat goes on and Thursday begins where Wednesday left off.

Watch SPX 2172 and JJC 24.89. Bears win big if the SPX drops under 2172. Keybot the Quant will likely flip short if the SPX drops under 2172 and stays under. A gap down move may not help the bears; they would probably benefit more from a slow and steady move lower in stocks instead. The bulls win if the JJC moves above 24.89. Stocks will rally strongly. As copper goes, so goes the markets.

For the SPX, starting at 2175 on Thursday, the bulls need to push above 2183, and the upside will accelerate. The bears need to push below 2172 to accelerate the downside. A move through 2173-2182 is sideways action. The bulls are in control but the bears have it on a silver platter if they want it; all they have to do is push the SPX under 2172.

8/12/16; 10:00 AM EST =
8/10/16; 12:37 PM EST = +63; signal line is +76 but algorithm remains long

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