Keybot the Quant remains short as the stock market drama continues. The robot is champing at the bit to go long with the algo number 9 points above the signal line but the internal parameters will not fully latch to permit the move. The SPX will likely need to move above 7565 today to flip the quant long and price is at 7480 in real-time. The bulls have some more wood to chop.
Utilities are key. UTIL 1116.40 is the bull/bear line in the sand and price pops higher to 1120 creating lift in the broad stock market. Bears need UTIL back below 1116 or they got nothing. Bears will not be able to make any headway sending stocks lower unless the VIX moves above 20.72.
Stocks are typically bullish into a 3-day holiday weekend. Markets are closed tomorrow for Juneteenth.
Bears need weaker utes, retail stocks, banks, and copper and higher volatility. Bulls simply need to keep pushing the SPX higher and if they do not have success today, perhaps their persistence will pay off early next week. If UTIL falls back below 1116, and then below 11 hundo, look out below because stocks will likely collapse. Watch the utilities.
6/21/26;
7:00 PM EST =
6/18/26;
9:36 AM EST = 39; signal line is +30 but algorithm remains short
6/17/26;
3:25 PM EST = 23; signal line is +29
6/16/26;
9:00 AM EST = 39; signal line is +29 but algorithm remains short
6/15/26;
10:15 AM EST = 39; signal line is +29 but algorithm remains short
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