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

Keybot the Quant remains short but is champing at the bit to go long starting Friday afternoon. The algo number is 5 points above the signal line in the bull camp. Strength in copper creates bullish lift in equities. However, the internal parameters are not fully latched to permit the move to the bull side. Monday is important.

If the SPX moves above 2797, it is likely that Keybot will flip long. The bears need weaker copper and commodities CPER under 17.40 and GTX 2767, respectively, to create downside strength.

The SPX begins the week at 2768 and the 2747 level remains as critical long-term support. An Armageddon scenario plays out for stocks if the 2747 is lost.

Keybot prints a pre-scheduled number this week on Friday morning.

10/28/18; 7:00 PM EST =

10/26/18; 10:00 AM EST =

10/21/18; 7:00 PM EST = +24; signal line is +19 but algorithm remains short

10/19/18; 2:32 PM EST = +24; signal line is +20 but algorithm remains short

10/17/18; 11:20 AM EST = +8; signal line is +21