Keybot the Quant remains long with financials joining the bull party. The bulls are in charge with the algo number 7 points above the signal line.
Financials and retail stocks battle it out to dictate the path ahead for the stock market. Bulls must keep XLF above 32.07 and pull RTH above 160.72. Stocks will take another big leg higher if RTH tags 160.72.
Bears must keep RTH in the bear camp and pull XLF below 32.07 to create negativity. The caution flag remains out for now but it will disappear if RTH turns bullish.
10/23/22;
7:00 PM EST =
10/19/22;
9:00 AM EST =
10/18/22;
9:36 AM EST = -48; signal line is -55
10/16/22;
7:00 PM EST = -64; signal line is -55 but algorithm remains long
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