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

One of The Keystone Speculator's key short-term indicators is the SPX 60-minute chart with 200 EMA cross which signals a near-term bull versus bear market. The 200 EMA on the 60-minute is at 3423 and the S&P 500 is at 3384 signaling a bear market for the short-term (hours, days perhaps a couple weeks). The SPX is down -2.5% on the day with another 2 hours of trading remaining in the session.

Price will want to come up for a back kiss, perhaps on fiscal stimulus or vaccine hype. The stock market is in trouble the longer it remains under the 200 EMA. It's another top Keystone called. If we can jam it lower it would even be a Black Monday.

This fun never gets old. You were told to leave the market. You chose to say. Now it is time to pay. We need some Angus. Chop their heads off, boys. Shoot to kill. Take no prisoners. Show no mercy. There's one. Hey you, sonny, where ya goin? Oh, oh, yes sir, I did  not get out of the market in time and I see everyone stacked up at the exit door, I thought I would exit this window but I need a hand. Here you go. Thank you sir, er.... plop. There's your head on a platter. Take his shares, boys, on to the next one. Look at that rat running. Step on him. Squish. Take his shares. This never gets old. Time to slice and dice the bodies in front of the exit door. The blood is flowing on Wall Street, what a beautiful sight the carnage is, if you are short of course. That double-top was a sight to behold. 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 2:40 PM EST: The trading session is split into six 65-minute periods. The robots realign at each period break. Thus, if stocks fall apart, or if they begin rallying into the closing bell, the first tell may be at 2:55 PM EST as the sixth trading segment begins. You have to see if it starts with heavy sell, or buy, orders. So this upcoming 2:50 PM EST to 3:00 PM EST area may be interesting to watch. The SPX is down -2.2%, off 76 points, to 3389 remaining under the key 200 EMA on the 60-minute at 3423.

Note Added 3:42 PM EST: Choppy flat over the last hour through 3385-3393. Price has to exit one side or the other of that channel. Here she comes at 3386; the SPX is testing the 3385 support. Bounce or die. Bulls are covering themselves with stimulus and vaccine fig leaf's fearing they will be exposed.

Note Added Tuesday Morning, 10/27/20: The SPX finishes down 64 points, -1.9%, to 3401. Comically, happy stimulus talk creates a late-day rally into the bell. S&P futures are up +8 with the VIX at 32.04.