The Keystone Speculator's SPX 60-Minute Chart with 200 EMA Cross Indicator is an important VST (very short term) stock market indicator. If the SPX is above the 200 EMA on the 60-minute, stocks are in a bull market and there is nothing but joy ahead.
If, however, price falls below the 200 EMA on the 60-minute, stocks are in a bear market and coming to grips with the sad path ahead. The candlesticks are one-hour so you can see how price pierced the 200 EMA on the SPX 60-minute at 6793, then dropped below. Bears were throwing confetti and celebrating the failure, however, during the last hour, the bulls stage a comeback and the bears were sweeping up the confetti with their hands to put it back in the bag.
The SPX finishes at 68 hundo above the 6793 bull/bear line in the sand. Stocks remain in a bull market but looking at the price action today, the SPX may get flicked into the dirt like a cigarette butt. Watch it closely tomorrow.
If short, you cheer a failure at SPX 6793 and look forward to carnage below. If short, and the SPX remains above 6793, you will soil your shorts.
If long, you are cheering for SPX to keep its head above water at 6793. Very bad things will start to happen if SPX 6793 is lost.
What will happen tomorrow? Will the story be happy, or sad? Or maybe A Whiter Shade of Pale. Keystone must remember to pick up his Nehru jacket at the cleaners tomorrow. 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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