Tuesday, December 19, 2017

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

Keybot remains long as the market drama continues. Utilities fall like a rock. The algo did not print any numbers Tuesday except for the pre-scheduled number. The bulls need to push UTIL above 746.94 to sends stocks higher.

The bears need to push VIX above 10.72 and/or JJC under 35.00 to create market weakness. If either of the two parameters turn bearish, and the SPX drops under 2681, Keybot will likely flip short.

Bears need higher volatility and weaker copper to prove that stocks can move lower. Bulls need higher utilities.

12/24/17; 7:00 PM EST =
12/22/17; 10:00 AM EST =
12/19/17; 9:00 AM EST = +84; signal line is +77
12/18/17; 3:13 PM EST = +84; signal line is +77

No comments:

Post a Comment

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