Thursday, December 20, 2018


Keybot the Quant remains short. Utes move back into the bear camp which created more stock market weakness into the closing bell. The bears are cruising. Stock market weakness will continue if UTIL remains below 733.60.

Bulls need UTIL above 733.60 and CPER above 17.28. UTIL 736.88 is important for all of next week instead of 733.60 so watch how UTIL ends the Friday session since this will hint at stock market direction on Monday. Bulls need to push UTIL above 737 in the Friday session to prove that they can create a strong relief rally. Watch copper since bulls cannot gain upside acceleration without Dr Copper on their team.

12/23/18; 7:00 PM EST =
12/21/18; 10:00 AM EST =
12/20/18; 1:46 PM EST = -36; signal line is -10
12/20/18; 11:21 AM EST = -20; signal line is -10

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