Wednesday, January 25, 2023

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Hump day is a battle of commodities versus the SPX index.

Bulls need SPX above 4037 (now at 4017) to create strong bullishness for stocks going forward. It tested on Monday so there will probably be other tests in the days ahead.

Bears need GTX below 3504 (now at 3525) to stop the upside rally and introduce negativity into the stock market. If GTX fails at 3504, and the SPX is dropping below 3990, Keybot the Quant will likely flip short. Thus, consider the imminent turn to the downside to be in play if GTX fails.

S&P futures are down -31 points about 3 hours before the opening bell in the States for the regular trading session. Bears need a 27-point drop so they may growl strongly today. After a few minutes of trading after the opening bell, watch to see if the S&P 500 is down less than 27 points or more than 27 points.

1/29/23; 7:00 PM EST =
1/27/23; 10:00 AM EST =
1/22/23; 7:00 PM EST = +46; signal line is +34

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