STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. XLF 23.84 remains the key to the market. Price is at 23.88 creating lift in stocks. Bears need to push XLF under 23.84 and that will seal the negative fate for equities. If XLF remains above 23.84, stocks will float higher going forward.

For the SPX on Wednesday starting at 2127, the bulls need to push above 2150 to regain their mojo, a formidable task. Instead, the bulls will focus on pushing the banks higher. The bears need to push under SPX 2120 to accelerate the downside that will slice through 2118 in an instant and seek 2110. A move through 2121-2149 is sideways action.

9/18/16; 7:00 PM EST =

9/16/16; 10:00 AM EST =

9/13/16; 1:18 PM EST = +20; signal line is +44