STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long by a single hair. Here it is. Time to separate the men from the boys. The UTIL bull/bear line in the sand, as previously mentioned, is 974 and an hour ago price prints......... wait for it ......... wait for it ........ wait a bit longer for it....... 974. It is a battle royale with the stock market on the line.

Keybot has not printed any numbers as yet today but UTIL is knocking on the bull's door. The bulls need the stronger utes because the algo number is only above the signal line by 1 measly point. Bulls need stronger utilities to drive the US stock market another leg higher.

If UTIL closes above 974 that is a bigtime bull signal. It will have to keep following through next week but it tells you the bulls are going to run higher.

UTIL tagged 974 and is at 971 now so a close below 974 extends the game until Monday giving the market bears something to smile about because utes came all the way up over the last few weeks and right when it counted, were unable to hold 974. So watch it to see what happens.

If utes head lower from here in a big way clearly rejected by 974, then Katy bar the door. As the previous post said, the US stock market will be in a crash profile for a significant collapse to begin at anytime.

If bullish on stocks you need UTIL above 974. If bearish, you are hoping that utes collapse. Bears need weaker copper and must push CPER below 21.73 but it is drifting higher.

The US market closes at 1:00 PM EST today only 90 minutes away.

If CPER loses 21.73, consider the imminent turn to the downside to be in play, and if the SPX then loses the 4K level, Keybot will likely flip short. It's a coin-flip but UTIL 974 and CPER 21.73 tell you the answer and the direction forward for stocks.

11/27/22; 7:00 PM EST =
11/23/22; 10:00 AM EST = +26; signal line is +25
11/22/22; 9:36 AM EST = +26; signal line is +25
11/21/22; 12:35 PM EST = +10; signal line is +24 but algorithm remains long
11/21/22; 10:20 AM EST = -4; signal line is +23 but algorithm remains long
11/21/22; 9:53 AM EST = +10; signal line is +22 but algorithm remains long
11/21/22; 9:42 AM EST = -4; signal line is +21 but algorithm remains long
11/21/22; 9:36 AM EST = +10; signal line is +21 but algorithm remains long
11/20/22; 7:00 PM EST = +26; signal line is +20
11/18/22; 3:06 PM EST = +26; signal line is +18