Keybot the Quant remains long but the algo is potentially set up to flip short. The bulls are in charge with the algo number 10 points above the signal line.
Bulls desperately need to pull the chips back into their camp. Bulls need SOX above 2979 to save the day, stop the selling, and resume the rally.
Bears need either weaker utilities, weaker copper or higher volatility. Bears need UTIL below 855.10, CPER below 24.15 and/or VIX above 22.87, respectively. If any 1 of these 3 parameters flip bearish, and the SPX drops below 3889 trending lower, Keybot the Quant will likely flip short. The SPX begins at 3889 and S&P futures are tanking -15 points.
Copper futures need to fall about -2.8% to cause serious stock market selling and the red metal is down -2.2% right now. The bears are pushing. The VIX is at 21.87 and rising, no, check that 21.89. It looks like the bears are going to make a run for it at the opening bell. Will dip buyers show up or will the market be flushed lower?
Watch utilities, copper, volatility and semiconductors; these are the only four parameters that matter today. Keybot prints a pre-scheduled number tomorrow morning.
3/28/21;
7:00 PM EST =
3/26/21;
10:00 AM EST =
3/24/21;
3:52 PM EST = +64; signal line is +54
3/24/21;
9:47 AM EST = +80; signal line is +52
3/24/21;
9:37 AM EST = +64; signal line is +49
3/23/21;
11:46 AM EST = +80; signal line is +47
3/21/21;
7:00 PM EST = +64; signal line is +44
3/19/21; 10:26 AM EST = +64; signal line is +43
3/19/21;
10:06 AM EST = +48; signal line is +41
3/19/21;
9:57 AM EST = +64; signal line is +40
3/19/21;
9:46 AM EST = +48; signal line is +38
3/18/21;
9:58 AM EST = +64; signal line is +37
3/17/21;
9:00 AM EST = +80; signal line is +36
3/15/21; 3:59 PM EST = +80; signal line is +33
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