Keystone's SPX 30-Minute Chart with 8 MA and 34 MA Cross Indicator

For the first sign of any cracks in the bull rally, watch the 30-minute chart today to see if the 8 MA stabs down thru the 34 MA, or not. For now, the 8 is above the 34 so the bulls rule for the hours and days ahead.  Note the rising wedge, overbot conditions and universal negative divergence that already created the start of a smack down late yesterday.  Price fell thru the lower trend line as well. Thus, she should roll over. The 1419 level is sturdy overhead resistance so watch that closely. Today we will see if the bears want to fight back, or if they simply limp into the weekend to nurse their wounds after the bull drubbing for the last nine trading days. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.