Keystone's proprietary trading algorithm, Keybot the Quant, flipped to the short side at 12:18 PM at SPX 1343. Copper and semiconductors have broken down over the last two days helping the bears stab lower. Watch JJC, now on the verge of losing the 48 handle. Market bears are happy unless the 48.40 level is attained. As long as the SPX:VIX ratio stays sub 68, the market bears are dancing, if the ratio moves back above 68, the bulls are wrestling back control. As always when a market turn occurs, stay alert for a potential whipsaw move today or tomorrow.
More information at Keybot's site;
http://www.keybotthequant.blogspot.com
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