Thursday, January 26, 2023

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long through the choppiness. Bulls need SPX above 4037 to confirm upside euphoria ahead.

Bears need to push GTX below 3504 and/or RTH below 163.15. If either one turns bearish, consider the imminent turn to the downside to be in play, and if the SPX drops below 3949, the quant will likely flip short. This does not appear on the docket, however, with S&P futures up +10 about 3 hours before the opening bell. 

If SPX cannot move above 4037 and if GTX and RTH remain bullish, the stock market will churn along with choppy slop and an upward bias. One of these will flinch perhaps before the week ends.

1/29/23; 7:00 PM EST =
1/27/23; 10:00 AM EST =
1/25/23; 11:25 AM EST = +46; signal line is +36
1/25/23; 9:36 AM EST = +30; signal line is +35 but algorithm remains long
1/22/23; 7:00 PM EST = +46; signal line is +34

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