Wednesday, June 17, 2015

SPX 60-Minute Chart 200 EMA Cross

The SPX continues the fight for the 200 EMA on the 60-minute at 2102.27. Price is under the 200 EMA signaling bearish markets for the hours and days ahead but flip a coin in these markets. Bulls and bears are duking it out with no clear winner as yet. Bulls win big above 2102.27. Bears win big under 2102.27.

The chart above is in conflict with the 30-minute chart that shows the 8 MA above the 34 MA signaling bullish markets for the hours ahead so one of them is wrong. Either the chart above turns bullish or the 30-minute chart will turn bearish (8 MA under the 34 MA) and the outcome will tell you market direction for the short term ahead. 

The green lines for money flow and very short term on the MACD line show long and strong behavior wanting another higher high. Price may want to come up to test today's high at 2107 again. Price will roll over when the neggie d (red lines) are universal across all the indicators. 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 Thursday, 6/18/15, at 11:03 AM:  The SPX launches higher to 2119 with the SPX far above the 200 EMA so the bulls win.

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