Keybot the Quant remains long. NYA overtakes 15065 so the upside buying orgy occurs. Keep watching it to see if the bulls can maintain this uber bullish signal, or, if they will fold like a cheap suit. The bulls maintain control with the algo number 23 points above the signal line.
For the bulls, they need to maintain NYA above 15065 and then push RTH above 159.95 to create another big leg higher in stocks.
For the bears, they need to push NYA below 15065 which will signal that the bulls do not have upside oomph. The bears then need to either push VIX above 20.98 or SPX below 3960, either one would do, to likely flip the model short.
Watch NYA 15065, RTH 159.95, VIX 20.98 and SPX 3960 currently controlling stock market direction. Bulls want a higher NYA index and higher retail stocks while bears want a lower NYA index and higher volatility.
4/2/23;
7:00 PM EST EOM EOQ1 =
3/31/23;
10:00 AM EST =
3/29/23;
11:37 AM EST = -4; signal line is -27
3/29/23;
11:03 AM EST = -18; signal line is -29
3/29/23;
9:57 AM EST = -4; signal line is -31
3/28/23;
2:48 PM EST = -18; signal line is -33
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