Keystone's proprietary trading algorithm, Keybot the Quant, flips to the bull camp on Friday at SPX 4127. The bearish trade ran for 5 weeks but the quant flips to the bull side due to the chips popping higher and volatility sinking.
Bulls need XLF above 35.58 (now at 35.57; only one penny below) to guarantee and continue a big upside rally ahead. Bears need to keep banks weak and pull SOX below 3080 and push VIX above 26.44 if they want to create negativity in the stock market.
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