One of Keystone's key very short-term (VST) and short-term (ST) market signals is the 8/34 MA cross on the 30-minute SPX chart. The positive cross occurs on 1/4/19 the day after the massive down flush in the stock market. This is when the Whitehouse, President Trump and China started talking happy trade talk to goose markets higher. The global central bankers then flap their dovish wings and stock markets rally strongly higher ever since. The central bankers always save the day.
The stock market bulls win the day as long as the 8 MA remains above the 34 MA. When the negative cross occurs with the 8 stabbing down through the 34, the bears will begin growling. For now, the SPX edges up into the apex of the ominous rising wedge. The failures from rising wedges can be quite dramatic. 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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