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

The SPX 60-minute chart with 200 EMA cross is a key very short term (VST) stock market indicator that is currently projecting an ongoing bull market. You want to watch the 200 EMA support at 6400, call it 6400-6410, since the moving average is sloping higher. If that fails, the stock market will be falling into the abyss.

Back in mid-August, and then again at the start of September (red circles), price threatened to fail at the critical 200 EMA but was stick-saved by the King Donnie happy talk, economic data, and the constant drumbeat of rate-cut easy money coming that will goose stocks higher making the rich richer. Isn't crony capitalism filth fun? Well, if you are wealthy it is.

The SPX and other charts are in full negative divergence across the daily, weekly and monthly time frames. The stock market is going to get ugly going forward but everyone is whistling past the graveyard. Talking heads on the internet and television tell viewers to buy, buy, buy. The put/calls remain in the cellar for an unprecedented amount of time verifying the over the top, uber bullish euphoria and complacency in markets right now. All these bullish folks, which is everyone, needs to be taught a lesson and receive their spanking.

Elon Musk's future pay package is plastered across television screens and would make him a trillionaire. Do you need a better sign of a top? People now expect to be trillionaires. It is comical. Is Elon starting a new political party called the America party? Keystone is starting a new political party, too. Yes, he is calling it the America Par-Tay party. The platform will fight, for the right, to par-tay! The Beasties.

The all-time record high for the S&P 500 is 6532.65 on 9/5/25 and the all-time closing high is at 6502.08 on 9/4/25. Price begins the new week of trading at 6481, the first full week of trading now that the vacation holidays are in the rearview mirror.

Friday's low was 6444 only about 40 points away from testing the 200 EMA support at 6400. This will be a big test this week. Third time is a charm? She will likely come down to the 200 for the bounce or die decision, and die. Inflation data is on tap and the big FOMC meeting is 9/16/25 and 9/17/25 with the rate decision and Chairman Powell press conference on 9/17/25 only eight trading days away. A 25-bip rate cut is fully priced-in.

The expectation going forward is for a big drawdown in stocks. It is a contrarian call since humorously, everyone on Wal Street is bullish, even the bears. What do you think? Black Monday? 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 Saturday, 10/11/25: A mini-Black Friday occurs yesterday after King Donnie threatens tariffs on China in retaliation for restrictions on rare earth minerals. The SPX all-time record high is 6764.58 on Thursday, 10/11/25 and all-time closing high is 6753.72 on Wednesday, 10/8/25. The SPX drops to 6553 starting to receive the neggie d slapdown.

Note Added Thursday Evening, 11/20/25: The broad stock market sells off for a few days and takes the pipe today with the SPX dropping down to 6538.