Friday, June 14, 2013

Keystone's 60-Minute Chart with 200 EMA Cross Indicator Sideways Triangle Vibe Developing

Here is the drama unfolding today; the fight for the 200 EMA. The SPX is under the 200 EMA at 1629.17 signaling bearish markets for the hours and days ahead, however, if you get up to go to the can, by the time you return things may be different. This is a key bull-bear indication so it is receiving the respect it deserves and will tell the market story depending on which way price moves. Note the knock-down drag-out fight for all of June thus far and neither side has won, yet.

The minute and hourly charts are hinting at a sideways triangle vibe developing moving into the FOMC decision next week. 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.

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