Keybot the Quant remains long by a whisker with the algo number only 1 measly point above the signal line. All that matters is utes and copper. Bulls must push UTIL above 974.35 (now at 972.06), otherwise, they are going to get into trouble.
Bears need CPER below 21.72 (now at 21.81) to create stock market negativity. If copper turns bearish, and the SPX drops below 4021 trending lower, Keybot the Quant will likely flip short, hence the imminent turn notation in the title line.
On Sunday evening on the US East Coast, S&P futures are down -16 and copper futures are dropping faster than a prom dress so the bears are broadcasting that they want to take control of the stock market. The bulls must push utilities higher to stop the negativity.
Keybot prints 3 pre-scheduled numbers this week one on Tuesday morning, another on Wednesday evening for the EOM (end-of-month), and the third on Friday morning. It is a battle royale between utilities and copper on Monday. Who will win?
12/4/22;
7:00 PM EST =
12/2/22;
9:00 AM EST =
11/30/22;
7:00 PM EST EOM =
11/29/22;
10:00 AM EST =
11/27/22;
7:00 PM EST = +26; signal line is +25
11/23/22;
10:00 AM EST = +26; signal line is +25
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