Keybot the Quant is on the short side as Fed Chairman Powell tap dances all day. The quant spits out 4 numbers today. Banks were active but when it was done preferred the bear camp.
Bears need weaker chips, for SOX to fall under 3213, or they got nothing. The bears are trying to chip away Little By Little, as Susan plays.
Bulls need stronger utes and banks, and lower volatility, UTIL above 923.71 and XLF above 36.47, and VIX below 17.56, respectively. Any 1 of the 3 turning bullish will immediately stop all selling in the stock market and a rally will begin. The rally will gain strength if 1 of the other 2, or both, also turn bullish.
Since the banks were in the limelight today, you have to figure they will lead the stock market move directional move tomorrow. XLF is at 36.41 only 6 pennies on the bear side of the line in the sand at 36.47 so watch the pre-market. This will tell you a lot. Also, the VIX trades at 3 AM EST and if it drops below 17.56, the bulls will rule on Thursday.
8/1/21;
7:00 PM EST EOM =
7/30/21;
10:00 AM EST =
7/28/21; 3:54 PM EST =
+44; signal line is +54
7/28/21; 2:40 PM EST =
+60; signal line is +54 but algorithm remains short
7/28/21; 9:56 AM EST =
+44; signal line is +54
7/28/21; 9:37 AM EST =
+60; signal line is +53 but algorithm remains short
7/27/21; 3:59 PM EST = +44; signal line is +53
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