Sunday, June 11, 2017

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

A useful very short term (VST) stock market direction indicator is the 8/34 MA cross on the SPX 30-minute chart. The 8 MA crosses down through the 34 MA late Friday signaling bearish markets for the hours and days ahead. However, the prior dips into the bear camp are short-lived. In addition, price and the 8 and 34 MA's are all clustered at 2432-2434 so a pivot on Monday morning in either direction is possible.

The market bulls need to curl the 8 MA back upwards and above the 34 MA to regain their mojo. The bears will be in good shape going forward as long as the 8 MA remains under 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.

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