Keybot the Quant remains short. A pre-scheduled number prints a few minutes ago with the bears remaining in full control of the US stock market with the algo number 33 points below the signal line. The bears are cruising. The quant comes back to life this week printing 4 numbers in yesterday's session.
The bulls, and the Fed, are trying to push volatility lower and get that jackboot back onto the throat of Uncle Vix keeping him down. The bulls need VIX below 25.90 to confirm that the relief rally is strong and has Legs. The bulls also need stronger chips and must push SOX above 3115.
VIX and SOX tell you if the stock market rally continues, and if it does, how strong it will be. If 1 parameter turns bullish consider the caution flag to be out and if both turn bullish, especially if they jog back and forth across the bull/bear lines in the sand, consider the imminent turn to the long side to be in play.
5/22/22;
7:00 PM EST =
5/18/22; 9:00 AM EST = -19; signal line is +14
5/17/22; 3:51 PM EST =
-19; signal line is +16
5/17/22; 2:46 PM EST =
-5; signal line is +18
5/17/22; 2:15 PM EST =
-19; signal line is +20
5/17/22; 1:06 PM EST =
-5; signal line is +22
5/15/22;
7:00 PM EST = -19; signal line is +24
5/13/22;
10:05 AM EST = -19; signal line is +25
5/13/22;
10:00 AM EST = -19; signal line is +27
5/8/22;
7:00 PM EST = -19; signal line is +29
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