Sunday, October 18, 2015

SPX S&P 500 30-Minute Chart 8/34 MA Cross

A favorite short term indicator for market direction is the 8/34 MA cross on the 30-minute. The 8 MA is above the 34 MA signaling bullish markets for the hours ahead. Bears got nothing unless they create a negative 8/34 cross. The chart is negatively diverged so price should receive a spank down in this 30-minute time frame. 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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