Wednesday, August 30, 2017

Keybot the Quant Turns Bullish

The Keybot the Quant algorithm flips back to the bull side at SPX 2452 as the whipsaw action continues. Markets are very erratic and unstable. Do not be surprised if the model flips back to the short side tomorrow. The banks run the show. Watch XLF 24.67 on Thursday. More information is found at Keybot's site,

Keybot the Quant

Tuesday, August 29, 2017

VIX Volatilty Daily Chart; Battle at the 200-Day MA Bull-Bear Line in the Sand

The VIX 200-day MA is a key short-term bull-bear stock market signal. The VIX 200-day MA is at 11.68. The VIX ends today at, wait for it, wait a little bit longer, a bit longer, 11.70 only two pennies on the bear side. VIX was bobbing back and forth on each side of 11.68 during the settlement after the closing bell. So the battle lines are drawn for hump day. Market bulls win big if the VIX drops under 11.68. Market bears will growl to victory if VIX remains above 11.68.

Keybot the Quant algo is short and identifies VIX 11.15 (blue bar) as a key bull-bear line in the sand. Market bulls will be sending stocks big-time higher if VIX drops under 11.15.

But first thing is first. Watch to see if the bulls have the juice on Wednesday to send VIX below the 11.68 level, or not. Volatility will tell you a lot about market direction ahead. 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.

SPX S&P 500 60-Minute Chart; 200 EMA Cross; Channels

The choppy sideways slop continues. The S&P 500 has basically been moving through 2440-2450 for the last week (brown channel). Sideways whipsaw markets chew up bulls and bears alike. The downward-sloping red channel is in play. Price is trying to break up through the upper trend line so this is a critical time. The indicators are not tipping their hand heading sideways.

The stochastics push into bull territory above 50% and are long and strong over the last couple hours, ditto money flow, so some further buoyancy in price would be expected in this one hour time frame.


The market bears are fine as long as the SPX does not move above the 200 EMA on the SPX 60-minute chart at 2452. Bulls will rule the stock market with every day forward a big party if the SPX moves above 2452. As explained on the weekend, there is a cluster of moving averages and price resistance at 2451-2454 so this resistance gauntlet is key.


20-day MA 2454
Price resistance 2454
Price resistance 2453
200 EMA on 60-minute 2452
50-day MA 2451

Keybot the Quant is short and tracking SOX 1075.07, XLF 24.65 and VIX 11.18 as these three stooges are most impacting market direction currently. Let's see. SOX is at 1083 creating bullishness in the stock market. XLF is 24.53 creating bearishness in the market. VIX is at 11.89 creating bearishness. One of these three will flinch and tell you the direction ahead for stocks.


Also watch the VIX 200-day MA at 11.68. VIX is at 11.89 so this is a feather in the bear's cap. Market bulls got nothing unless they move VIX below 11.68 and ultimately under 11.18. The beat goes on. 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 6:56 PM EST:  The VIX finishes at, wait for it, wait a little bit longer for it, 11.70. The battle at the VIX 200-day MA will be key tomorrow. VIX begins trading at 3 AM EST.

Keybot the Quant Turns Bearish

Keystone's proprietary trading algorithm, Keybot the Quant, flips back to the bear side at SPX 2434. The erratic choppy market action continues. Market bears need weaker chips while the bulls need stronger banks and lower volatility. More information is found at Keybot's site;

Keybot the Quant

Sunday, August 27, 2017

SPX S&P 500 Daily Chart; Potential H&S

The SPX daily chart is a pile of spaghetti. The red rising wedge, overbot conditions and neggie d were previously described identifying the top at the end of July and early August, which occurs. The blue dots show where price was extended a maximum amount above the moving averages that are all in an extended ribbon with the 20-day MA above the 50-day MA above the 100-day above the 150 above the 200. Price needs a mean reversion lower when it is extended and the move lower occurs off the all-time record top at 2491 on 8/8/17.

The action has been choppy but the pink dots show the pattern of lower lows and lower highs which creates an downward-sloping pink channel. Price is testing the upper trend line to try and escape that channel. This key 2450-2457 area is also where a right shoulder is in place for a potential H&S pattern (brown bars). See the SPX Support/Resistance missive previously posted to study the importance of the 2450-2457 resistance level.

The head and shoulders neckline is at the strong 2416 price support so a head at 2491 would target 2341 if the 2416 fails. Using the closing high at 2481 as the head would target 2351 if the 2416 neckline fails. This 2341-2351 landing zone for the H&S corresponds well to prior price support/resistance from March-May.

The ADX is down to a paltry 11.55. The ADX has trended lower for the last four months as the S&P 500 has rallied higher. The lackluster ADX indicates that the uptrend in the stock market in this daily time frame is NOT a strong uptrend. If the stock market rally was strong the ADX should be above 30 now and moving higher. If the downtrend continues for stocks and the ADX rises going forward it will actually verify that a downtrend in price is a strong trend, but you just have to watch it to see how it plays out.

20-day MA 2457.18
200 EMA on 60-minute chart 2453.03
50-day MA 2450.59

20-week MA 2421.56
100-day MA 2421.09

Price staggers sideways. Market bulls win big if they can punch up through the strong 2450-2457 resistance gauntlet. Market bears win big if they can push below the 2416-2422 support gauntlet. Price moving through 2416-2457 will likely continue the sideways choppy slop. 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.

SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 8/28/17

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 8/28/17. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R.

For the S&P 500 in history, the all-time record high print is 2490.87 on 8/8/17 and the all-time closing high is 2480.91 on 8/7/17. The all-time record intraday low is 666.79 (the infamous 666) on 3/6/09 and all-time closing low is 676.53 on 3/9/09.

For 2017, the intraday high is 2490.87 and closing high is 2480.91. For 2017, the intraday low is 2245.13 from the first trading day of the year on 1/3/17 and the closing low for the year thus far is at 2257.83 on 1/3/17. For 2016, the intraday high is 2277.53 on 12/13/16 and closing high at 2271.72 on 12/13/16. For 2016, the intraday low is 1810.10 on 2/11/16 and the closing low for 2016 is 1829.08 on 2/11/16. The intraday low in 2015 is 1867.01 on 8/24/15 and closing low for 2015 is 1867.61 on 8/25/15.

The SPX was spanked down from the overbot conditions, rising wedge and negative divergence on the daily and weekly charts. The price falls from the all-time high at 2491 to 2417 last week bouncing directly off the 100-day MA now at 2421.09. The 100-day MA support carries a lot of clout going forward. Bad things will happen to stocks if it fails. The 20-week MA is 2421.56 and the S&P 500 used this as a springboard last week for the bounce. The 2416 is strong horizontal price support. Thus, the 2416-2422 support gauntlet is uber importante. If 2416 fails, the SPX will likely hit an air pocket and collapse to 2400-2401 in a heartbeat and then test the 2394-2396 support.

For Monday, with the SPX beginning at 2443, the bears need to push under 2442 to accelerate price several quick points lower. The 2428-2443 range is a bunch of sideways slop. If 2442 fails, the 2431 test is on the table. A failure at 2431 will open the trap door to test  the important 2416-2422 support gauntlet mentioned above.

For Monday, the bulls must push above the 2450-2457 resistance ceiling. If the S&P 500 can punch up through 2457, price will not look back until 2465. The 50-day MA is 2450.59. The 200 EMA on the SPX 60-mintue chart is 2453.03 a very important short-term market signal currently giving the bears the nod. The 20-day MA is 2457.18.

With the month of August ending on Thursday (EOM), if the SPX is floating higher, the bulls will likely make a run at 2469-2470 resistance to try to turn the month positive. August began at 2470.30 and this determines if the month is a winner or a loser. The monthly charts receive final data points for August at 4 PM EST Thursday, 8/31/17, for EOM.

If the bulls punch price above 2469-2470, the 2475 R is next and if that gives way, the SPX is on its way to testing the all-time closing high level in the 2478-2481 area.

Consumer Confidence data is key on Tuesday morning. The month ends on Thursday (EOM) and stocks have been moving in a downside trend of lower lows and lower highs in August so buoyancy in stocks typically would occur for the last two or three days of the month.

The Monthly Jobs Report is on Friday with the major focus on wages since inflation cannot occur without wage inflation occurring. Both inflation and wage growth are Godot. If inflation does not appear, the Federal Reserve's obscene eight-year Keynesian experiment will be proven a failure. Consumer Sentiment is also released on Friday.

Markets are closed on Monday, 9/4/17, for the Labor Day holiday. Stocks are typically bullish the two days leading into a three-day holiday weekend so this provides a positive bias for stocks on Thursday and Friday.

The strongest support/resistance is 2491, 2484, 2480-2481, 2478, 2475, 2469-2470, 2465, 2453-2454, 2441-2443, 2438-2439, 2436, 2434, 2431, 2428-2429, 2419, 2415-2416, 2412, 2404, 2400-2401 and 2394-2396.

Note: If the list below displays any blank spaces, view it in a different browser. The data is current up through 8/27/17.

2530
2520
2510
2500
2491 (8/8/17 All-Time Intraday High: 2490.87) (8/8/17 Intraday High for 2017: 2490.87)
2484 (7/27/17 Intraday High: 2484.04)
2483
2482
2481 (8/7/17 All-Time Closing High: 2480.91) (8/7/17 Closing High for 2017: 2480.91)
2480
2478 (7/27/17 Closing High: 2477.83)
2477
2476
2475
2472
2470.30 August Begins Here
2469
2468
2465
2457.18 (20-day MA)
2454.77 Previous Week’s High
2454 (6/19/17 Intraday High: 2453.82)
2453.96 Friday HOD
2453.03 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2453 (6/19/17 Closing High: 2453.46)
2450.59 (50-day MA)
2450
2448
2445
2443.05 Friday Close – Monday Starts Here
2443
2442.22 Friday LOD
2442
2441
2439
2438
2436
2434
2431
2429
2428
2426
2423
2422
2421.56 (20-week MA)
2421.09 (100-day MA)
2419
2417.35 Previous Week’s Low
2416
2415
2412
2406
2404
2401 (3/1/17 Intraday High: 2400.98)
2400
2396 (3/1/17 Closing High: 2395.96)
2395.08 (150-day MA; the Slope is a Keystone Cyclical Signal)
2394
2390
2389
2387
2382
2380
2378
2375
2373
2370
2368
2365
2363
2361
2359
2357.56 (10-month MA)
2357
2356
2355.12 (200-day MA)
2355
2353
2351
2349
2345
2343
2342
2340
2338
2336
2335
2329
2322.50 (12-month MA; a Keystone Cyclical Signal; the cliff)
2322
2319.21 (50-week MA)
2311
2300
2299
2298
2297
2296
2293
2290
2289
2286
2285
2281
2280
2279
2278 (12/13/16 Intraday High; 2277.53)
2277
2275
2274
2273
2272 (12/13/16 Closing High: 2271.72)
2271
2270
2269
2268
2265
2263
2260
2258 (1/3/17 Closing Low for 2017: 2257.83)
2254
2252
2249
2245 (1/3/17 Intraday Low for 2017: 2245.13)
2241
2239 (12/30/16 Closing Low: 2238.83)
2238.83 Trading for 2017 Begins Here
2238
2234 (12/30/16 Intraday Low: 2233.62)
2220.40 (20-month MA)
2214
2213 (11/25/16 Intraday and Closing High: 2213.35)
2212
2211
2210
2209
2207
2206
2205
2202
2200
2199
2198
2195
2194 (8/15/16 Intraday High: 2193.81)
2191 (12/1/16 Closing Low: 2191.08)
2190 (8/15/16 Closing High: 2190.15)
2187 (12/1/16 Intraday Low: 2187.44)
2186.86 (100-week MA)
2185
2183
2182
2179
2178
2175
2174
2173
2170
2169
2166
2165
2164
2163
2160
2157
2155
2152
2151
2150
2146
2143.58 (150-week MA)
2140
2135 (5/20/15 Intraday High: 2134.72)
2133 (7/20/15 Intraday High 2132.82)
2131 (5/21/15 Closing High: 2130.82)
2132
2130 (6/22/15 Intraday High 2129.87)
2129
2128 (7/20/15 Closing High: 2128.28)
2126 (4/27/15 Intraday High: 2125.92)
2124 (6/23/15 Closing High: 2124.20)
2123
2121 (4/24/15 Intraday High: 2120.92)
2120 (2/25/15 Intraday High: 2119.59)
2118 (4/24/15 Closing High: 2117.69)
2117 (3/2/15 Closing High: 2117.39)
2116 (11/3/15 Intraday High: 2116.48)
2115
2114
2113
2111 (4/20/16 Intraday High: 2111.04)
2110 (11/3/15 Closing High; 2109.79)
2109
2108
2107
2105
2104 (12/2/15 Intraday High: 2104.27)
2103 (12/2/15 Closing High: 2102.63)
2102 (4/20/16 Intraday High: 2102.40)
2100
2099
2097
2094 (12/29/14 Intraday High: 2093.55)
2091 (12/29/14 Closing High: 2090.57)
2089
2086
2085 (11/4/17 Closing Low: 2085.18)
2084 (11/4/17 Intraday Low: 2083.79)
2083
2081
2079.16 (200-week MA)
2079 (12/5/14 Intraday High: 2079.47)
2076 (11/28/14 Intraday High: 2075.76)
2075 (12/5/14 Closing High: 2075.37)
2074
2073 (11/26/14 Closing High: 2072.83)
2072
2071 (11/21/14 Intraday High: 2071.46)
2069
2067
2065
2064
2063
2061
2057
2056 (11/18/14 Intraday High: 2056.08)
2055.50 (50-month MA)
2053
2052
2050
2046 (11/13/14 Intraday High: 2046.18)
2044 (12/31/15 Closing High: 2043.94)
2042
2040
2038
2034
2032
2030
2023
2022
2019 (9/19/14 Intraday High: 2019.26)
2017
2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)
2007 (9/5/14 Closing High: 2007.71)
2005 (8/26/14 Intraday High: 2005.04)
2003 (8/29/14 Closing High: 2003.37)
2002
1998
1997
1995
1993 (1/15/15 Closing Low: 1992.67)
1991 (7/24/14 Intraday Top: 1991.39)
1988 (7/24/14 Closing High: 1987.98)
1987
1986 (7/3/14 Intraday Top: 1985.59)
1985 (7/3/14 Closing High: 1985.44)
1983
1982

Saturday, August 26, 2017

SPX S&P 500 60-Minute Chart; 200 EMA Cross; Channels

Keystone often mentions the 200 EMA on the 60-minute chart as a key short term market signal. It failed to the downside a week ago (red circle) and remains below forecasting bearish markets for the hours and days ahead. Note the two successful back kisses for the bears (small blue circles) verifying the importance of this key signal line. That is algorithmic behavior. The 200 EMA on the SPX 60-minute at 2453 carries clout.

Price staggers sideways  through choppy slop. The SPX is in a tight sideways range at 2440-2455. There is a gap fill needed down at 2430 as well as a gap fill needed up at 2465. The purple horizontal channels are in play. The downward-sloping blue channel is in play with price trying to break up and out of that boundary. Bears need to push hard and keep price under that blue trend line. If the bears succeed, the SPX will likely fail at 2440 and begin seeking the lower blue trend line at 2400-ish.


If price breaks up through the 2453-2455 resistance gauntlet, price will not look back until it fills the gap at 2465. The VIX 200-day MA at 11.72 is very important in the week ahead. The VIX is below 11.72 at 11.28 favoring the bulls. If the VIX remains under 11.72, the SPX will poke up through the 2453-2455 and the bulls will declare victory ahead.


If the VIX moves above 11.72, the SPX will collapse under 2440 and move lower to fill the 2430 gap. 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.

Keybot the Quant Turns Bullish

Keybot the Quant flips back to the bull side last week at SPX 2452 as the sideways choppiness continues. Volatility, banks, retail stocks and commodities will play a key role in the week ahead. It would not be surprising to see the algo flip back to the bear side this week considering the choppiness. More information is found at Keybot's site;

Keybot the Quant

Tuesday, August 22, 2017

VIX Volatilty Daily Chart; Battle at the 200-Day MA Bull-Bear Line in the Sand

The 200-day MA is a very important short-term market signal. Bulls win below the 200 and bears win above the 200. It does not get any simpler than that. The VIX 200-day MA is at 11.84 and price is, wait for it........ wait for it a little bit longer....... 11.86 only 2 pennies above on the bear side. This line in the sand determines the path ahead for the stock market.

If the VIX fails under the 200-day at 11.84, and this morning it has spent time below this critical moving average, the market bulls will be happy but the bears have one last weapon in their quiver if this occurs. Keybot the Quant is on the short side currently and identifying VIX 11.39 as a key bull-bear line in the sand (blue bar). If the VIX drops under 11.39, bulls will be throwing confetti, singing songs and drinking booze to celebrate. Market bears remain strong as long as the VIX remains above 11.39. If the VIX remains above 11.84, then above 12 and higher, stocks will retreat off the highs. Easy-peasy. Watch VIX 11.84 to determine which way the stock market goes from here. 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 12:50 PM: The VIX is sitting at 11.87 unable to make up its mind. Which way will it break? VIX 11.89.........

Note Added Saturday, 8/26/17: The drama at the VIX 200-day MA at 11.72 continues. The VIX ends the week at 11.28 so the bulls cheer but there is likely lots more drama ahead. The VIX 200-day MA will tell you who wins going forward. The bears need to push VIX above 11.72 as soon as possible, otherwise, under 11.72, the bulls will stampede the bears and send the stock market higher.

SPX S&P 500 and SPXA200R Stocks Above 200-Day MA 5-Year Charts


There is a lot of spaghetti to sort out in the charts above. Keystone called the top in the SPX weekly chart a couple weeks ago, which occurs. The rising wedge pattern, overbot conditions and negative divergence conspire to slap price south. The RSI, however, is trying to help create a bounce in the near-term.

Price violated the upper standard deviation band so a move to the middle band at 2421 was on tap, which occurs. The S&P 500 is in a big fight at the 20-week MA support at 2421 (the 20 MA is always the same as the center standard deviation band). The 100-day MA is at 2418. Thus, this pivot point at 2418-2421 is extremely important. Market bulls win big above 2421 while bears win big under 2418. Price was extended above the moving averages needing a mean reversion lower and price comes down to kiss that 20-week MA.

The breadth of the market is trailing off like it did prior to the May 2015 stock market top. The number of stocks above the 200-day MA are decreasing as the hype, euphoria and market joy continues sending equity prices higher.

The SPX lost over 200 points from May to September 2015. Note the W pattern bottom in blue. W's are very powerful bullish patterns. The blue circle shows the Tweezer Bottom that formed when the central bankers once again saved the stock market from selling off to any great extent. The central bankers are the market. Stocks broke out of the top of the W pattern forecasting big gains ahead. The height of the W pattern is about 250 handles which targets 2350 (2100 + 250) which was easily achieved satisfying the W. You can make the case that the W is about 300 handles tall (from 1800 to 2100) to keep the math simple and that targets 2400 which was achieved.

Note the back kiss of the W pattern breakout line in late 2016 and once price bounced from there there was no looking back. Typically for a W pattern, the breakout is bought, then the back kiss, and then when price overtakes the prior breakout high (three purple dots). If you are a day or short-term trader the W pattern is one of the most important stock patterns you will ever use. W patterns that form  under both the 50 and 200-day MA's on the daily charts are one of the strongest bull pattern set-ups you will ever see and if you prefer to trade on the long side, the W pattern would be the key tool in your arsenal.

The red lines show weak and bleak behavior for the MACD line, histo and stochastics so a lower low in price is likely after a bounce occurs in this weekly time frame.

Watch the 2418-2421 line in the sand to see who wins going forward. A failure of the middle band and 20-week MA at 2421 will likely lead to a sharp drop in stocks and the SPX may seek that lower standard deviation band at 2344 and rising. The path ahead in this weekly time frame is likely choppy sideways with a downward bias.

Watch the stochastics to see if they slip into bear territory under the 50% level. Ditto the RSI going forward. 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.

Monday, August 21, 2017

Keybot the Quant Turns Bearish

Keybot the Quant flips back to the bear side at SPX 2426 this morning. Commodities, financials and semiconductors are the main drivers of market direction currently. The move is a whipsaw. Markets are erratic and chopping sideways which will chew up bulls and bears.

Link to Keybo the Quant site.

Friday, August 18, 2017

Keybot the Quant Turns Bullish

Keystone's proprietary trading algorithm, Keybot the Quant, flips to the long side after lunchtime today at SPX 2433. Whitehouse advisor Bannon is out the door creating a stock market rally. Chips, banks and commodities are controlling market direction currently. Markets are erratic and unstable and may whipsaw back to the short side. More information is found at Keybot's site;

Keybot the Quant

Wednesday, August 16, 2017

AAPL Apple Daily Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation; Price Extended

Apple prints a new all-time record high at 162.20. Keystone's 80/20 rule says 8's lead to 2's and 2's lead to 8's so the breach of 158 opened the door to 162 which occurs. The 161.80 level foretold 162.20 which is the exact high print. A move through 162.80 would open the door to 163.20.

Price makes the high with many negatives pushing back against the euphoria. The red lines show universal negative divergence over the last few months and in the shorter term over the last week. There is a sliver of strength in the MACD line so price either moves lower from here, or will print a jog move say down one day then up one day then the roll over as long as the MACD line rolls over. Apple can print a few more days of highs if the MACD line moves above that prior high from May (thin purple line).

Price has violated the upper standard deviation band during August so the middle band at 154 and rising is on the table over the short-term. The strong horizontal price support is at 155 in this same ballpark. Price is extended above the moving averages also requiring a mean reversion. The rising wedge is a bearish pattern.

The expectation is for Apple to pull back in this daily time frame from these highs. A landing zone in the near-term, say a few days or week or two ahead would be in the 155-158 area. Keystone currently has no position in Apple but may nibble on a short this week.

The Apple weekly chart displays universal neggie d agreeable to a pull back. There is some juice in the near-term on the weekly chart, however, so after a week or two of soft prices, AAPL will probably move back up to the current highs again. 

The monthly chart was posted a week or two ago explaining how Apple is likely printing a multi-year top currently. It is very likely the numbers you see in Apple, say over the next month, will not be seen again for several years if they are seen again. 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.

Tuesday, August 15, 2017

VIX Volatility Daily Chart; Battle at the 200-Day MA

Market bulls win below the VIX 200-day while bears win above. The 200-day MA is at 11.97. The VIX is at 12.05 so the bears are winning buy 8 pennies. The 3-day selloff gathered steam as soon as price poked up through the 200 (red circle). The battle continues and it is unclear who will win.

The blue bar is the 11.32 level called out by the Keybot the Quant algorithm. The algo treats this number as the key bull-bear line in the sand where bears win above 11.32 and bulls win below.

Thus, if VIX is above 11.97 and heading higher, the bears will be growling and sending stocks strongly lower. If the VIX is between 11.32 and 11.97, stocks will stagger sideways with a downside bias. If the VIX drops below 11.32, the bulls will be throwing confetti as the stock market rallies to new highs again. Which outcome will win? 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 12:22 PM EST: The VIX eases lower to 11.90 so the bulls cheer. The beat goes on. The SPX, INDU (DJI) and COMPQ are trading dead flat. The RUT small caps sink -0.6%.

Monday, August 14, 2017

SPX S&P 500 2-Hour Chart; Fibonacci Retracements

Here is a look at the 2-hour SPX chart with the blue lines showing the Fibonacci retracements for the move lower from 2491 down to 2437. Price popped through the 38% Fib at 2457 at the opening bell and now pokes around exactly at the 50% Fibonacci retracement at 2463-2464. If price moves higher from here it will seek the 62% Fib at 2470.

Price violated the lower standard deviation band so a bounce was on tap to the middle band at 2463. Bingo, the SPX taps the middle band. Watch this 50% Fib level at 2463-2464 and the 200 EMA on the 60-minute at 2459-2460. 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.

SPX S&P 500 60-Minute Chart; 200 EMA Cross

A key short-term signal is the 200 EMA on the S&P 500 60-minute chart. The market bears had firm control--until this morning. The gap-up move in stocks sends the SPX in a beeline to the 200 EMA at 2459-2460 and price crosses above predicting bullish markets for the hours and days ahead. The bears need to push the SPX under 2459 as quickly as possible to prevent the relief rally from gaining steam. The 2459-2460 tells you a lot today. Bulls have further upside strength above 2460. Bears will resume the negativity in stocks under 2459. 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.

NYMO McClellan Oscillator Daily Chart


The McClellan Oscillator finally comes down into negative territory after five long months. The low NYMO opens the door for the relief rally. 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.