Keybot the Quant, Keystone's proprietary trading algorithm that handles the short to intermediate term trading, flipped to the long side at 9:36 AM at SPX 1285. Once 1285 was touched, the indexes took off to the upside. The NYA has moved back above the 40 week MA preventing the move to a secular bear market again, at least for now, and the retail sector is moving up helping the bulls.
Caution is warranted and you must stay on guard for a potential whipsaw since the recent action is low volume, high volatility and the Europe/Greece austerity vote occurs overnight tonight in front of tomorrow's session.
More information can be found at Keybot the Quant's site:
http://www.keybotthequant.blogspot.com
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