Friday, February 10, 2017
SPX S&P 500 30-Minute Chart with 8/34 MA Cross and 60-Minute with 200 EMA Cross
Here are two of Keystone's favorite VST (very short-term) and ST (short-term) signals. The 8/34 MA cross on the SPX 30-minute chart shows the 8 above the 34 for the last eight trading days signaling bullish markets for the hours ahead. The market bears tried to create a negative 8/34 cross late Tuesday into Wednesday but the bulls are too strong receiving lots of go juice from the central banker dovishness and President Trump's promises.
The SPX is above the 200 EMA on the 60-minute chart signaling bullish stocks for the hours and days ahead. Obviously, bears got nothing until at least one chart turns bearish and will not have any significant downside strength until both crosses are negative. On the 30-minute, the only way the 8 MA could curl down is if price drops under the moving average so bears need the SPX under 2311 pronto and dropping. This is the only way to pull the blue line down to the green line for a negative 8/34 cross. The bulls are kicking back in a nice and comfortable deck chair enjoying the view. 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.