Keybot the Quant remains long but is champing at the bit to go short with the algo number 4 points below the signal line. The internals will not yet fully latch to permit the move so the quant remains long.
The fight for stock market direction is currently rooted in the NYA index at the 15260 bull/bear line in the sand. NYA is at 15150 creating sogginess in stocks. Commodities also remain in play with GTX 3631. Price is at 3552 creating stock market selling pressure.
VIX is at 24.13 with the bull/bear line in the sand at 25.33 so the bears must move VIX up a full stick if they want to prove that down is the direction forward (volatility moves inversely to stocks).
Bulls need NYA 15260 to prove that they can flex their muscles higher while bears want VIX above 25.33 which will usher in stock market pain. Choose your poison.
If the SPX drops below 3906, now at 3936, and trends lower from there, Keybot the Quant will likely flip short. If this is not in the cards today, NYA 15260 and VIX 25.33 will tell you the path forward.
11/20/22; 7:00 PM EST =
11/17/22; 9:36 AM EST =
+12; signal line is +16 but algorithm remains long
11/17/22;
9:00 AM EST = +40; signal line is +16
11/16/22;
2:25 PM EST = +40; signal line is +14
11/16/22;
9:36 AM EST = +26; signal line is +13
11/15/22; 2:18 PM EST = +40; signal line is +12
11/15/22;
1:30 PM EST = +26; signal line is +11
11/15/22;
11:28 AM EST = +40; signal line is +9
11/15/22;
9:36 AM EST = +26; signal line is +7
11/14/22;
3:59 PM EST = +12; signal line is +5
11/14/22;
2:11 PM EST = +26; signal line is +4
11/14/22;
1:12 PM EST = +40; signal line is +2
11/14/22;
12:57 PM EST = +26; signal line is -1
11/13/22;
7:00 PM EST = +40; signal line is -2
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