Keybot the Quant flips back to the bear side yesterday at SPX 2761. The banks and retail stocks fail. Utilities failed but recovered. The key metric is the SPX 2749 level that separates a cyclical (weeks and months) bull from a cyclical bear. The SPX is at 2726 forecasting a cyclical bear market ahead. Bulls desperately need SPX above 2749 or their glory days are over. More information is found at Keybot's site;
Keybot the Quant
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