Keybot the Quant Remaining Bullish -- Long

Keybot the Quant, a trading algorithm tracking the SPX, remains long for now indicating that the status is quo in the markets.

Bulls are comfortably in control--especially after utilities jumped at the open yesterday.  For the market bears to have any hope today, UTIL would have to slip under 409.60, or Copper has to fall about 8 or 9 pennies, or the VIX would have to jump about 10% to 18.21, the VIX is now at 16.59.

Next standard signal for Keybot clicks off on Sunday but stay tuned, Keybot can start flashing at any time. 

If none of the three items above occur today, then the bulls will enjoy the pre-holiday weekend expected buoyancy and take an easy slide into the weekend.

http://www.keybotthequant.blogspot.com/