Keybot the Quant Turns Bullish

Keystone's proprietary trading algorithm, Keybot the Quant, flips long today at SPX 1877. The bears held on overnight trying to prevent RTH 59.53 but bulls came to play today. Moving forward, bulls win with RTH above 59.53. Bears will win if RTH falls back under 59.53. Stay alert for a whipsaw especially considering the last three weeks are dead flat in markets. The SPX 1840-1880 sideways channel is in play for a couple months. Since the bears could not take equities lower under 1840, the bulls are trying to break out higher above 1880. The SPX prints a new all-time record high at 1884.60. More information is found at Keybot's site;

Keybot the Quant

Note Added 12:13 PM: RTH 59.57 ......... the drama continues ........ bears need four more pennies lower and they will stop the market upside.

Note Added 12:32 PM:  RTH 59.67. Nothing to see here, move along, move along. Bulls are remaining firmly in control well above RTH 59.53. Time for a slice of pie to ponder the market machinations.