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

Keybot the Quant remains long as the chop suey continues. The AI orgy, debt crisis drama, Fed rate hike saga, and US Monthly Jobs Report on tap tomorrow morning continue this year's whipsaw choppy slop.

The quant is champing at the bit to go short but the internal parameters will not yet permit the move. The bears had it on a silver platter yesterday. All the bears had to do was send the SPX price slowly lower and the algorithm would have likely flipped short but instead it was a gap-down open triggering a timer that delayed the move and then that window closed.

Keybot the Quant wants to go short and if the SPX drops below 4154, starting at 4180, the algo will likely flip short (bears need -26 SPX points). However, S&P futures are up +9 points 4-1/2 hours before the opening bell in the States.

Bears need VIX above 19.19 to usher in serious market negativity. Price is at 17.19 right now in real-time so the bears need 2 sticks higher if they want to make the bulls bleed.

Bulls need RTH above 164.45 to take away the threat of the model flipping short.

Thus, bears need SPX below 4154 that will likely flip the model short. VIX above 19.19 will flush the stock market down the toilet. Bulls will take away the threat of the quant flipping short if they can push RTH back above 164.45.

6/4/23; 7:00 PM EST =
6/2/23; 9:00 AM EST =
5/31/23; 7:00 PM EST EOM = -34; signal line is -28 but algorithm remains long
5/30/23; 3:46 PM EST = -34; signal line is -27 but algorithm remains long
5/30/23; 3:06 PM EST = -18; signal line is -26
5/30/23; 11:21 AM EST = -34; signal line is -26 but algorithm remains long
5/30/23; 10:00 AM EST = -18; signal line is -25
5/28/23; 7:00 PM EST = -19; signal line is -25