STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short but is champing at the bit to go long. The bulls are pumping chips higher and crushing volatility to send the SPX higher. The algo is a single hair away from flipping long. The algo has already printed 9 numbers today including the pre-scheduled number.

If the SPX can move above 2426.82 and hold if for 2 minutes and more, Keybot will likely flip long, hence the imminent turn notation in the title line. Price is at 2426.46. This is high drama.

Stock market bears need to send SOX under 1054.14 or VIX above 11.58 to stop the bullish rally in equities. Market bulls have it on a silver platter if they want it.

Pay attention to utilities at the closing bell. Keybot will be tracking UTIL 697.28 all next week as a bull-bear line in the sand. UTIL is at 702.20 right now which is above which will create bullishness for the stock market next week. Watch where UTIL closes at 4 PM since this is where it starts on Monday morning. Bulls will have an advantage in the stock market if UTIL is above 697.28 over the next week. Bears will create downside activity in the stock market if UTIL moves below 697.28.

7/9/17; 7:00 PM EST =

7/7/17; 1:04 PM EST = +54; signal line is +49 but algorithm remains short

7/7/17; 12:58 PM EST = +38; signal line is +49

7/7/17; 12:52 PM EST = +24; signal line is +50

7/7/17; 12:46 PM EST = +40; signal line is +53

7/7/17; 12:20 PM EST = +54; signal line is +54 but algorithm remains short

7/7/17; 12:00 PM EST = +38; signal line is +54

7/7/17; 11:44 AM EST = +54; signal line is +55

7/7/17; 11:42 AM EST = +38; signal line is +55

7/7/17; 9:00 AM EST = +24; signal line is +55

7/6/17; 9:36 AM EST = +24; signal line is +57

Note Added 1:46 PM EST: SPX price pokes higher but then retreats again. Bulls need to push above SPX 2426.92 and hold that level and higher to flip Keybot long.