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

Keybot the Quant remains long but is champing at the bit to go short with the algo number 3 points below the signal line. The bears are stretching their legs looking for something to slash. If the SPX trends lower and slips below 5721, Keybot the Quant will likely flip short hence the imminent turn notation is in the title line.

Bears do not want a gap-down move since this would delay any potential move to the short side for about 90 minutes. The SPX prints a new all-time record high at 5767.37 and a new all-time closing high at 5745.37. Thus, price needs to drop from 5745 to 5721 to flip the quant short a loss of only 24 points if watching S&P futures.

The VIX continues oscillating above and below the important 15.25 line in the sand. Lower volatility sends stocks higher and higher volatility sends stocks lower. The VIX is the rudder steering the stock market ship currently.

Bears need the SPX to drop below 5721 and then for chips and banks to weaken which will accelerate the downside for US stocks.

Bulls need to prevent the SPX from falling below 5721 and at the same time send the VIX below 15.25 that will guarantee upside victory going forward. Bulls will then focus on rallying commodities to create more upside.

SPX 5721 and VIX 15.25 will tell the stock market story tomorrow. Watch them like a hawk. Bears win big and the model flips short if the SPX loses 5721. Bulls win big if the VIX is pushed below 15.25.

Keybot the Quant prints a pre-scheduled number tomorrow morning.

9/29/24; 7:00 PM EST =
9/27/24; 10:00 AM EST =
9/26/24; 9:54 AM EST = +32; signal line is +35 but algorithm remains long
9/26/24; 8:21 AM EST = +46; signal line is +35
9/26/24; 8:08 AM EST = +32; signal line is +34 but algorithm remains long
9/26/24; 3:13 AM EST = +46; signal line is +33
9/25/24; 12:48 PM EST = +32; signal line is +32 but algorithm remains long
9/25/24; 12:04 PM EST = +46; signal line is +31
9/25/24; 11:58 AM EST = +32; signal line is +29
9/25/24; 11:55 AM EST = +46; signal line is +28
9/25/24; 11:42 AM EST = +60; signal line is +26
9/25/24; 11:34 AM EST = +46; signal line is +24
9/25/24; 10:43 AM EST = +60; signal line is +22
9/24/24; 10:00 AM EST = +46; signal line is +19
9/24/24; 9:36 AM EST = +48; signal line is +17
9/23/24; 2:14 PM EST = +34; signal line is +16