Keystone's proprietary trading algorithm, Keybot the Quant, flips to the bull side after this morning's opening bell at SPX 2066. Bulls are receiving upside juice with JJC above 31.88, NYA above 10841 and VIX under 15.87. If any of the three parameters turn bearish, the upside stock market rally will stall. As always, stay alert for a whipsaw. Markets remain very erratic and unstable. Note how SPX price is fighting to push up through the 2075-2079 resistance gauntlet described in the previous post. The fear previously described in the CPC and CPCE put/call ratios created the near-term bottom. More informaiton is found on Keybot's site;
Keybot the Quant
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