SPX 30-Minute Chart 8/34 MA Cross

The 8 MA is above the 34 MA on the 30-minute signaling bullish markets for the hours ahead, however, the bears have curled the 8 MA to the downside for a potential negative 8/34 cross today. The indicators have a sideways vibe which is reflected by the moving averages lining out sideways. The short red lines for the indicators are weak and bleak wanting to see lower prices but the S&P futures point to a +4 start. Price is bouncing around in the 1638-1643 area which encompasses last week's low, the 100-day MA and 20-week MA. The channel range reflecting the highs and lows over the last couple days at 1634-1647 is important.  Bulls win above 1647. Bears win below 1634. The strongest resistance is at 1649 and strongest support at 1627. Watch the 8/34 cross. The bulls are in charge for the VST as long as the 8 MA stays above the 34 MA. 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.

Note Added 11:05 AM: The 8 MA stabs down trhough the 34 MA signaling bearish markets ahead. See if it holds.