SPX S&P 500 60-Minute Chart with 200 EMA Cross; Failure at SPX 7388 Ushers-In a Short-Term Bear Market

The key SPX 60-minute chart with 200 EMA cross metric fails at 7388 ushering in a short-term bear market, as explained a few charts ago. Scroll back a few charts or here is a link. Read that first. So price fails at the critical 200 EMA on the 60-minute chart at 7388. Note the textbook price action. Price fell to the line in the sand, and bounced from the support, but then came down again and failed. Then, price came back up from the underside for the back kiss to make sure it truly wanted to go down and voila, the SPX hits its head on the 7388 resistance and falls back down the steps again, a successful back test for the bears.

Watch the price support at 7277 that spells lots more trouble ahead. Then, watch that low at 7237 that likely opens the door to sustainable pain and misery for anyone long the market. Grab a Sharpie and write 7388 on a post-it note and stick it on your forehead. This tells you who wins going forward and then the 20-day MA at 7475 would confirm solid upside joy, while a failure at the 50-day MA at 7214 would spell doom and gloom for the summertime. In the Summertime by Mungo Jerry. It's the summertime, and men have women on the mind. 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.

The Coronavirus Chronology 3-Volume Set with 1,000 Charts is the Official Historical Record of the COVID-19 Pandemic

Hearings on Capitol Hill continue shining a light on the nefarious activities of Anthony Fauci and his associates during the COVID-19 pandemic. There are also health concerns over the mRNA vaccines and the increase in blood clots, myocarditis and cancer in folks that received the multiple shots.

The Coronavirus Chronology three-volume set with 1,000 charts is the official historical record of the COVID-19 pandemic. It is the covid bible. It is the daily real-time chronological record of the worldwide COVID-19 pandemic. It is not revisionist story-telling. It is the raw pandemic truth recorded and chronicled in real-time.

The United States battled eight infection waves, and the world fought 10 waves, during the COVID-19 pandemic from late 2019 to February 2023. The Coronavirus Chronology with 1,000 charts is the only daily real-time historical record that exists covering the entire 3-1/2 year COVID-19 tragedy.

The Coronavirus Chronology Aftermath is the fourth book in the Coronavirus Chronology series published via Amazon. The Coronavirus Chronology Aftermath is the historical record of the COVID-19 endemic phase, that started in February 2023, through July 2025. Of course, the covid endemic phase continues where the virus now behaves like the regular flu. There are three times more flu cases than COVID-19 over the last two winters so the US returns to pre-pandemic respiratory virus patterns.

Relive each day of the COVID-19 pandemic in real-time. You will be astounded at the things you forgot about the pandemic, and you will remember the ugly things that you wanted to forget. The Coronavirus Chronology is the raw unbiased pandemic truth that was recorded in real-time without any allegiance to the corrupt political parties.

For anyone impacted mentally or physically by the COVID-19 pandemic, and looking for closure, or learning to live with the ugly memories of misery and death, reading the events in real-time again may help you heal. You have to get all those thoughts up and out of your body if you want to heal and live the life you deserve.

Nurses and doctors can go back and read what was happening in real-time during their most difficult times of the COVID-19 pandemic. Scientists and researchers should begin their studies of the COVID-19 pandemic with the Coronavirus Chronology. You will not find a more detailed daily accounting of the pandemic anywhere in the world. Lawmakers and politicians in the United States and around the world can assess their response to the COVID-19 pandemic since all the international actions were chronicled in real-time.

The table of contents for the four books in the Coronavirus Chronology series are shown below. The Coronavirus Chronology Abridged Text version book is nearing publication. Ditto the Coronavirus Chronology Charts book. The Coronavirus Chronology Conclusions and Recommendations book will also be published this year and conclude the books in the COVID-19 pandemic series.

Reading the titles below should bring back memories for everyone. Americans and global citizens must understand that the COVID-19 pandemic changed everyone's lives forever, and that for many, it continues to have an impact years later.

 

CORONAVIRUS CHRONOLOGY VOLUME 1 OF 3

TABLE OF CONTENTS

ABOUT THE CORONAVIRUS CHRONOLOGY

ABOUT K E STONE (KEYSTONE)

COVID-19 PANDEMIC OVERVIEW

READING GUIDE

CORONAVIRUS CHRONOLOGY

2019 SEPTEMBER; Nefarious Activity at Wuhan Institute of Virology in China

2019 OCTOBER; Gates Foundation “Event 201” Simulates a Global Coronavirus Outbreak

2019 NOVEMBER; First Novel Coronavirus Illness in China

2019 DECEMBER; Chinese Doctors Muzzled by CCP

2020 JANUARY; Coronavirus Identified in United States

2020 FEBRUARY; WHO Names Coronavirus ‘COVID-19’; Fear of a Pandemic Escalates Worldwide

2020 MARCH; US and Worldwide Wave 1; WHO Declares COVID-19 a Pandemic; Covid Infections Increasing Exponentially; 200K Cases in America 4.3K Dead

2020 APRIL; 250K Dead Worldwide; 50K Americans Dead

2020 MAY; Over 1.8 Million US Cases 100K Dead; US Unemployment Rate 14.7%; ‘#China Lied People Died’

2020 JUNE; US and Worldwide Wave 2; 10 Million Cases Worldwide 500K Dead; 3 Million Cases in America 130K Dead; New York Governor Cuomo Nursing Home Scandal

2020 JULY; Pandemic Turns Political; 800K Dead Worldwide; 150K Americans Dead

2020 AUGUST; One American Dies Every Minute; Rules Touted for Masks and Social Distancing; Telemedicine Flourishes; 970K Dead Worldwide; 195K Americans Dead

2020 SEPTEMBER; US and Worldwide Wave 3; Trump Admits to Lying About Pandemic to Avoid Creating Panic; 1 Million Dead Worldwide; 220K Dead Americans

2020 OCTOBER; Trump Hospitalized and Recovers; Trump Says ‘Learn to Live with It’; Biden Says ‘We’re Learning to Die with It’; US Exceeds 100K Cases Per Day; 1.3 Million Dead Worldwide; 240K Americans Dead

2020 NOVEMBER; One American Dies Every 30 Seconds; Trump Loses Election to Biden but Will Not Concede; US Exceeds 200K Cases Per Day; 60 Million Cases Worldwide

2020 DECEMBER; Pfizer COVID-19 mRNA Vaccinations Begin; Over 80 Million Cases Worldwide 1.9 Million Dead; Over 20 Million US Cases 380K Dead

2021 JANUARY; COVID-19 Culling the Elderly; 100 Million Cases Worldwide 2 Million Dead; 480K Americans Dead

2021 FEBRUARY; Worldwide Wave 4; 2.5 Million Dead Worldwide; 520K Americans Dead

2021 MARCH; US Wave 4; Vaccine Inequality; Blood Clots; COVID-19 mRNA Vaccine Messaging Changes to ‘Preventing Hospitalization and Death’

2021 APRIL; 100 Million Americans Vaccinated; Breakthrough Cases; Pfizer Says Third Shot Needed; 3 Million Dead Worldwide; India Outbreak (Delta)

2021 MAY; Myocarditis Cases Increase; Monoclonal Antibodies (mAb) Successful Treatment; Fauci Questioned About Funding Gain of Function Research at Wuhan Labs; 3.7 Million Dead Worldwide; 600K Americans Dead

2021 JUNE; US and Worldwide Wave 5 (Delta); WHO Names Variants with Greek Letters; Fauci is ‘Mr Science’

 

CORONAVIRUS CHRONOLOGY VOLUME 2 OF 3

TABLE OF CONTENTS

ABOUT THE CORONAVIRUS CHRONOLOGY

ABOUT K E STONE (KEYSTONE)

COVID-19 PANDEMIC OVERVIEW

READING GUIDE

CORONAVIRUS CHRONOLOGY

2021 JUNE; US and Worldwide Wave 5 (Delta); WHO Names Variants with Greek Letters; Fauci is ‘Mr Science’

2021 JULY; “Pandemic of the Unvaccinated”; Vaccine Mandates; Censorship; 80% of COVID-19 Deaths Are Overweight and Obese; 4 Million Dead Worldwide

2021 AUGUST; Vaccinated People Spreading Virus; FDA Officials Resign Protesting Rushed Booster Shots; 4.6 Million Dead Worldwide; 670K Americans Dead

2021 SEPTEMBER; Biden 6-Point Plan; Biden Blames Pandemic and Flailing Economy on Unvaccinated; 700K Americans Dead More Than 1918 Spanish Flu

2021 OCTOBER; US and Worldwide Wave 6 (Omicron); Waning Vaccine Effectiveness; Vaccinated Versus Unvaccinated; Testosterone May Play Role in Myocarditis; ‘Disease X’; 250 Million Cases Worldwide 5 Million Dead

2021 NOVEMBER; Biden Is Incompetent at Handling Pandemic Like Trump; Biden Approval Rating Plummets; 50 Million US Cases 820K Dead

2021 DECEMBER; Pfizer’s Paxlovid Pill Approved; 80% of COVID-19 Deaths Are Vaccinated; Breakthrough Cases Escalate; US Life Expectancy Drops from 79 to77; UK “Partygate”; 5.5 Million Dead Worldwide

2022 JANUARY; One American Dies Every Minute; Omicron Cases Peak in US; “Flurona”; “Twindemic”; Trucker’s “Freedom Convoy”; 77 Million US Cases 930K Dead

2022 FEBRUARY; US Wave 6 “Inverted V” or “Ice Pick” Chart Pattern Ending; Russia Invades Ukraine

2022 MARCH; US Wave 7a and Worldwide Wave 7; “Deltacron”; US Vaccination Rate Plummets; China Virus Kills 6 Million Worldwide and 1 Million Americans

 

CORONAVIRUS CHRONOLOGY VOLUME 3 OF 3

TABLE OF CONTENTS

ABOUT THE CORONAVIRUS CHRONOLOGY

ABOUT K E STONE (KEYSTONE)

COVID-19 PANDEMIC OVERVIEW

READING GUIDE

CORONAVIRUS CHRONOLOGY

2022 MARCH; US Wave 7a and Worldwide Wave 7; “Deltacron”; US Vaccination Rate Plummets; China Virus Kills 6 Million Worldwide and 1 Million Americans

2022 APRIL; Omicron Subvariants; Gridiron Dinner Superspreader Event; Denmark Ends COVID-19 Vaccination Program; 500 Million Cases Worldwide 6.3 Million Dead; 80 Million US Cases 1 Million Dead

2022 MAY; Worldwide Wave 8; Breakthrough Cases Galore; One-Half of US COVID-19 Deaths Are Vaccinated; China in Lockdown Killing Pets as Zero-Covid Strategy Fails; North Korea Outbreak; “Pandemic Treaty”

2022 JUNE; US Wave 7b and Worldwide Wave 9; Global Cases Drop Below 500K Per Day; US Covid Deaths Drop Below 200 Per Day

2022 JULY; Pharmacists Prescribe Paxlovid; Biden Sick with COVID-19 Again and Experiences Paxlovid Rebound; Global Cases Pop Above 1 Million Per Day with 2K Deaths Per Day

2022 AUGUST; Natural Immunity Better than 2 Vaccine Doses; Censorship of COVID-19 Information; Fauci Resigns; 600 Million Cases Worldwide 6.5 Million Dead

2022 SEPTEMBER; 85% of US COVID-19 Deaths Are Seniors Over 65 Years Old; Biden Stupidly Proclaims the ‘Pandemic is Over’; Global Cases Drop Below 400K Per Day with 1.3K Deaths Per Day

2022 OCTOBER; US Wave 8; Biden’s COVID-19 Deaths at 662K Are 1-1/2 Times Trump’s 441K Deaths; Fauci’s Net Worth Increases by $5 Million to $13 Million Total During Pandemic; “Tripledemic”

2022 NOVEMBER; Worldwide Wave 10; 60% of US COVID-19 Deaths Are Vaccinated; “Pandemic of the Vaccinated”; Fauci Questioned Under Oath About Origins of COVID-19 but “Cannot Recall”; 100 Million US Cases 1.1 Million Dead

2022 DECEMBER; 90% of US COVID-19 Deaths Are Seniors Over 65 Years Old and 15% Are Nursing Home Residents; “Pandemic of the Elderly”; “Scrabble Variants”; “Died Suddenly” Documentary; US Vaccination Rate Drops

2023 JANUARY; Fauci Finally Retires; Pfizer Executive Taped Saying Covid Vaccines Are “Cash Cows”; Global Cases Drop Below 150K Per Day; COVID-19 Transitioning from Pandemic to Endemic Phase

2023 FEBRUARY; COVID-19 Pandemic Ends and Endemic Phase Begins; Coronavirus Chronology Attacked by Censorship Again; Global Cases Drop Below 100K Per Day; 680 Million Cases Worldwide 6.8 Million Dead; 105 Million US Cases 1.16 Million Dead; One in Every 300 Americans Died from Covid During Pandemic

 

CORONAVIRUS CHRONOLOGY AFTERMATH

TABLE OF CONTENTS

TABLE OF CONTENTS

TABLE OF CONTENTS

ABOUT THE CORONAVIRUS CHRONOLOGY AFTERMATH

ABOUT K E STONE (KEYSTONE)

COVID-19 PANDEMIC OVERVIEW

READING GUIDE

CORONAVIRUS CHRONOLOGY AFTERMATH

2023 FEBRUARY; FBI and DOE Say COVID-19 Virus Likely Originated from Wuhan Lab Leak

2023 MARCH; US Government and Social Media Platforms Exposed for Censorship During Pandemic

2023 APRIL; Fingerpointing Continues

2023 MAY; WHO Declares End to the COVID-19 Public Health Emergency; US Ends COVID-19 Public Health Emergency Declaration

2023 JUNE; Only 17% of Americans Took the COVID-19 Booster Shot Over the Last 9 Months

2023 JULY; Senator Paul Asks DOJ to Investigate Fauci for Lying to Congress

2023 AUGUST; Pentagon Says COVID-19 Likely Originated from Lab Leak

2023 SEPTEMBER; CDC Stupidly Recommends COVID-19 Vaccine for Everyone 6 Months and Older

2023 OCTOBER; Senator Paul Says Covid Vaccine Is More Dangerous than the Virus for Children 15 Years Old and Younger

2023 NOVEMBER; COVID-19 Fall Booster Shot Uptake Is Pitiful; Americans Have Moved on from Pandemic

2023 DECEMBER; Covid Vaccine Rate Drops to Pitiful 60K Shots Per Day

2024 JANUARY; Fauci Testifies to Congress Saying “I Don’t Know (Recall)” 200 Times; Fauci Admits that the Staying Six-Feet Apart Rule Was Not Based on Any Data

2024 FEBRUARY; Heart Disease and Attacks Increase Post-Covid (Due to Vaccines?)

2024 MARCH; WSJ Posits that COVID-19 Was Laboratory Synthesized (Not from Nature) and Likely Leaked from the Wuhan Lab

2024 APRIL; Study Suggests Long-Covid May Be Due to the Covid Illness and/or the Covid Vaccines; Airlines Experiencing Serious Maintenance Problems and Mishaps (Because of the Stupid Covid Vaccine Mandates?)

2024 MAY; AstraZeneca Admits that the COVID-19 Vaccine Causes TTS (Blood Clots)

2024 JUNE; Fauci Testifies Before the House Select Committee on the Coronavirus Pandemic; Cancer Increases Post-Covid

2024 JULY; CDC and Jha Warn of a Mild Summer Covid Wave; Fauci Blames Trump and Others for Pandemic Mistakes

2024 AUGUST; Six-Times Vaccinated Fauci Tests Positive for COVID-19 for Third Time; Meta (Facebook) CEO Zuckerberg Regrets His Censorship of COVID-19 Content

2024 SEPTEMBER; Stanford University Symposium Hosted by Dr Jay Battacharya Discusses COVID-19 Pandemic

2024 OCTOBER; Shocking Study from England Concluded that Myocarditis and/or Pericarditis Only Appeared in Children and Adolescents that Received the COVID-19 mRNA Vaccines

2024 NOVEMBER; Former President Trump Reelected and Appoints Robert F Kennedy to Head HHS, Dr Marty Makary to Run FDA, and Dr Jay Bhattacharya to Head the NIH

2024 DECEMBER; House Select Subcommittee on Coronavirus Pandemic Releases 520-Page Report Concluding that Pandemic Originated from Wuhan Lab Leak

2025 JANUARY; US Quad-Demic of Flu, COVID-19, RSV and Norovirus; CIA Agrees with FBI and DOE that COVID-19 Likely Originated from Wuhan Lab Leak

2025 FEBRUARY; Flu Deaths Surpass COVID-19 Deaths; President Trump Rescinds All COVID-19 Vaccine Mandates; Children Remain Half-Year Behind in Math and Reading After the Pandemic

2025 MARCH; 74% of Americans Say COVID-19 Took a Toll on Their Lives

2025 APRIL; COVID-19 Vaccine Stocks Crash as Most Americans Unwilling to Take Further mRNA Shots

2025 MAY; President Trump Bans Funding of Gain of Function Research; US Health Officials Delayed Warning the Public about Myocarditis Risk from Vaccines; COVID-19 Vaccines Removed from Childhood Vaccine Schedule; Novavax Receives FDA Approval for Protein-Based (non mRNA) COVID-19 Vaccine

2025 JUNE; Newly Appointed Advisory Committee on Immunization Practices (ACIP) Led By Chairman Martin Kulldorff Holds First Meeting

2025 JULY; Americans and Citizens Worldwide Move on with Life after the COVID-19 Pandemic 2019 to 2023 and the Covid Endemic Phase 2023 to 2025

NVDA NVIDIA Monthly Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation; Price Extended; Git While the Gittin' Is Good

Yesterday and on the weekend, NVIDIA CEO Jensen Huang was telling everyone to buy his stock and other AI company's stock after the Friday pullback. There is something seedy about a CEO telling you to buy his stock, that is why most executives do not say it. You want to buy on results and earnings if a fundamental trader, or technicals if you are a chartist, not hype from the CEO that sounds like a snake oil salesman proclaiming the greatness of his elixir from the back of a carnival wagon.

Talk about leading the lambs to slaughter. Holy smokes. The NVDA monthly chart is a POS. If you have profits from the historic run higher, take the money and run, like Steve and the band. The rising wedge pattern is bearish. Price has violated the upper standard deviation band so a move back to the middle band at 164, and the lower band at 99, are on the table on the monthly basis. Price is way extended above the moving average ribbon so a mean reversion lower on the monthly basis is desperately needed.

The red lines show the overbot conditions that are agreeable to a pullback and the glaring negative divergence. Price moves higher, the candlesticks printing a potential Tweezer Top last month and this month, while ALL the chart indicators slope lower; neggie d. Thus, a negative divergence spankdown is on tap going forward on the monthly basis (this means the rest of the year and perhaps much more).

The Fall 2025 top was significant; you can scroll back and find that post when Keystone called the top back then. The MACD line was tricky business, but negatively diverged, so price did not have to come the whole way back up, but it was such a tiny dip of the MACD line when the top occurred, a move back up in price to the matching and a bit more high is no biggie and not surprising.

And now the glaring neggie d is firmly in place so avoid NVDA like the plague. She is going to take a big drop lower as the year plays out. Sub 100 is on the table for later this year and that would be a -50% pullback. Blasphemy! What is this guy talking about? It is AI! NVIDIA stock will go up forever! This guy does not know what he is talking about. It is blasphemy going against AI that is our new god with a small g. Is that what you are thinking in your small mind?

That is what makes a top. The sucka's will defend their buying with more buying and more hype and more euphoric projections. The Aroon exactly reflects the out of control fearlessness and euphoric bullishness for NVDA stock. The green line shows that all the bulls believe NVDA will go up forever. Comically, the red line shows that all the bears also believe that NVDA will go up forever. Everyone is on one side of the boat with zero expectation that any downside will occur.

The stock would be tricky to short and there is no reason to since there are many other better short plays out there. Keystone is not long or short NVDA now and will probably not play it. The chart above is telling you to get out of NVDA while you can, otherwise, you will be the sucker and bagholder. If a money manager just placed you into NVDA stock, tell them to move that dough elsewhere. He is just helping one of his wealthy clients exit NVDA at the top and sloughing off the shares to you, Sammy Sucka and Bonita Bagholder that are caught up in the hype.

Look at the volume dying off over time. The money flow shows a bit of life but that is due to the dip-buyers worried they will miss the next big move higher. The NVDA party is in full gear with Jensen buying shots for everyone while telling them to buy shares. Bring on the dancing girls. Everybody sing the fan fave Wagon Wheel. 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 6:25 PM EST: NVDA drops to 199 then recovers to 208. The monthly chart above is ugly forecasting negativity for NVIDIA for the months ahead. Get out of NVDA and save yourself. Jensen's wealth will decrease for the remainder of the year (much of his wealth is in NVDA stock) as the neggie d kicks in starting the smackdown that will run for a few months..

AAPL Apple 3-Minute Chart; Siri AI Lays an Egg

It was a happy time at Apple's WWDC (Worldwide Developers Conference) on 6/8/26 in Cupertino with the techno-beat of excitement pumping the crowd. It would be the last keynote address at that event for retiring CEO Tim Cook. There were a lot of doubts about Cook when he took the helm because who could fill marketing extraordinaire Steve Jobs shoes? Cook was an expert in logistics and that is what carried him well during his time in the top job at Apple.

But the event was a let-down. AAPL stock popped on the announcement of Siri AI, they must have been up all night thinking up that name, but then fell on its sword when the news fell short of a big surprise. The Siri AI announcement was delayed from last year's meeting. Analysts already knew what was generally coming but everyone expected the big surprise news that typically accompanies such events. It was a let-down and the stock started falling apart.

Maybe Apple has lost its edge and is incapable of surprises anymore? Cook figures they have a lock on smartphones and all AI roads lead through the Apple device. It is an interesting strategy until AI develops something new hardware-wise and then what do you got? Buptkis.

Cook is leaving and maybe he was cookin' the books on his way out. John Ternus-around is the new guy that takes over on 9/1/26. AAPL stock drops -5% intraday on the Siri AI news. Is AI really the Second Coming? In a few months, as people assess the money they wasted on artificial intelligence thus far, they will be saying, "AI yai-yai-yai-yai. Ay yai yai. 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 6:20 PM EST: The Apple turned brown yesterday and today it started rotting. Sapple pukes its guts out dropping to 287 finishing the session at 290. Siri AI lays a brown egg as Cook sneaks out the back door.

SPX S&P 500 Daily Chart; Neggie D Spankdown in Progress

There's the negative divergence smackdown Keystone talked about the last couple weeks. The Keystone Speculator is the Father of Divergence Trading that is the art, and science, of calling tops and bottoms. The bulls extended the top with AI and chip euphoria and King Donnie Trumpski happy talk that the Iran War is over, as both sides continue shooting at each other. The orange-headed idiot says in a cease fire in the Middle East, both sides typically continue exchanging fire. He says these stupid moronic statements since he is surrounded by sycophants that will never directly tell him that what he is saying is idiot talk that destroys his credibility.

There are two syndromes afflicting Americans right now with the level-headed independent observers stuck in the middle; TDS and TSS. TDS, Trump Derangement Syndrome, receives the most attention since Donnie owns the bully pulpit and highlights how the democrat-run media (CNN, MSNOW, ABC, CBS, NBC, PBS, NPR, New York Times, Washington Post, etc...) misrepresents, and outright lies, about his policies and comments. No matter what Trumpski does, the TDS folks do not like him and will not give him credit. Donnie cheerleaders provide the cancer analogy where if Donnie found a cure for the deadly disease, the TDS-afflicted folks will give credit to someone else or complain that he did not find the cure fast enough.

On the other side of the sick mental spectrum is TSS, Trump Sycophant Syndrome. The TSS-afflicted people will praise and support the orange head no matter what he says or does. Donnie Chump famously said, paraphrasing, that he can walk onto Fifth Avenue and shoot somebody and his sycophants will still lick his shoes and support him. He is exactly correct. The TSS people loyally follow the republican-run media (Fox News, Newsmax, OAN, Breitbart, AM talk radio, New York Post, etc...) that feeds the Trump Sycophant Syndrome. Most TSS-afflicted folks cannot see what is going on in the United States because their head is up his orange flabby butt or they are face down licking his wingtips.

Such is the state of corrupt America, land of the soulless compromised republocrats and demopublicans, that created a country of have's and have-not's. Young folks are smart choosing to not be associated with either corrupt political party. Why would you want that stink on yourself and your life? The rich took all the money over the last six decades. 30 million Americans at the top control and dictate life's circumstances to the 300 million peons at the bottom. The American Dream is now routinely mocked and called the American Joke. It is called crony capitalism filth in its final throes. Capitalism only exists in theoretical business text books because of human greed. It is easy to understand but people have a hard time accepting truth.

Anyhoo, the top occurs due to the neggie d, oversold conditions and rising wedge pattern that formed in the final days. The last 7 trading days show 6 days where the candlestick patterns signaled a reversal at hand with a couple of shooting stars, a la Bad Company, a hanging man, a la The Hangman's Song, and three doji's. Price sliced down through the 20-day MA at 7480 like a hot knife through butter. This is also the middle band touch after price topped out at the upper band. The lower band at 7320 is in play.

The two selling days out of the last three are distribution days where the smart money sloughed off shares to the dumb money such as Joe Retail, Sammy Sixpack, Carmelita Bagholder and Savita Sucka. They, like some of you reading this, jumped into the stock market at SPX 7.5K and higher caught up in the hype taking the shares off the institutions' hands that were sneaking out the back door. Now you are holding a bag of sh*t at 7384 wondering what happened since you just put an entire paycheck into the stock market well above 7500. Isn't it obvious? You are the bigger fool. You were mogged.

So down she goes with the RSI crossing into bear territory below 50%. Watch the stochastics to see if they do the same in the week ahead. The chart indicators are weak and bleak except for money flow that is flat and positively diverged. If you bring up the SPX 2-hour chart, it is likely going to bottom with possie d tomorrow afternoon or Tuesday. This behavior in the hourly time frame will want to join the money flow positivity above, in the daily time frame, to create a recovery bounce, probably back up to back kiss the 20-day MA at 7480. This set-up reflects the fact that dip-buyers are likely champing at the bit to buy long tomorrow and in the week ahead thinking they have a good entry point. Keep lining yourselves up for slaughter, sucka's.

The SPX topped out due to the overextension of price above the 20-day MA above the 50 above the 100 above the 150 above the 200, so a mean reversion lower was desperately needed. The bottom in the daily time frame will not occur until positive divergence forms across all indicators, or, if King Donnie Chumpski spews more happy talk to try and goose markets. The 7320 is a downside target as well as the 50-day MA at 7156 and rising, and the 100-day MA at 6995, that often serves as a resting spot when the stock market begins a downside run.

The Aroon makes you laugh. It tells you that the mini Black Friday was nothing from the standpoint of instilling fear or panic. No one is worried at all. The bulls remains strongly bullish (green line) and the bears have given up all hope of going short, despite the selloff, and instead join the bulls in believing that stocks will go up forever. The sentiment remains euphorically bullish so stocks likely have a long way down to fall.

The big buy volume candle from 6 days ago was the Friday pump by Donnie Chump professing that an Iran War deal was guaranteed; that lie is now over a week old. Price is below where that lie pumped the stock market hinting that traders and investors are likely starting to put less stock in what the orange head says. No doubt, the bloviating carnival clown will spew happy talk this afternoon to try and goose the S&P futures higher that begin trading at 6 PM EST.

This is not your grandfather's stock market. Everything got stranger over the years especially after the obscene Federal Reserve money printing (to enrich America's wealthy class) went into high gear over the last 25 years. The chart action on Monday will tell a lot but the daily time frame wants more lower price lows for the S&P 500 going forward although the dip-buyers may try to catch the falling knife say, by mid-week, unless Donnie tries to pump equities before that with happy Iran War talk. Conversely, any negative news out of the Middle East will likely send oil higher and exacerbate the stock market selloff.  The First Cut Is the Deepest. 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 3:47 PM EST (10:47 PM in the Middle East): Iran fires missiles at Israel first detected about one-half hour ago. Sirens are blaring and Israeli citizens are in, or seeking, shelter in a couple of cities. Iran knows how to play the game creating turmoil just before the futures market opens for trading. Donnie, the so-called deal maker, is getting rolled. Iran believes that King Donnie's threats of military action are hollow rhetoric so they are calling his bluff and sticking a thumb in the orange eye daring him to strike back. It sounds like Trumpski just assembled a meeting at the Whitehouse to discuss Iran's aggression as global markets are about to begin trading. Will Donnie continue muttering that the cease fire is going swimmingly? All eyes will be on oil, they call it black gold, Texas tea. Beverly Hillbillies theme song. Funny clip from the show. It is like living in the beautiful Laurel Highlands mountains of southwestern Pennsylvania; why would anyone give this up?

Note Added 4:22 PM EST (11:22 PM in the Middle East): The Israeli military intercepts the Iranian missiles and alleviates much of the threat. Will Israel and/or the US respond? News reports say Trump plans to immediately call Netanyahu urging restraint but this stuff is unfolding by the minute. The Donnie reality television show drama continues.

Note Added 6:15 PM EST: In the opening minutes, oil is up +3% and S&P futures are down about 30 points at -0.4%.

Note Added 7:06 PM EST: Traders and investors are now worried that a Fed rate cut is completely off the table for this year and the Fed will either hold or raise going forward. Ergo, futures are soggy. Oil is up +3%. Therefore, S&P futures are down 20 points, -0.3%. It will be a long night ahead with the war players all walking on egg shells, looking over their shoulders, wondering if more bombs will fall. King Donnie continues pretending that a cease fire is in place in the Iran War. It is a new type of cease fire, according to delusional Chump, where both sides continue military action shooting missiles at each other, and launching attack drones, and trying to kill each other, but the fragile cease fire remains in place. Huh? Iran has Donnie's number. He is showing his cards that say he does not want to restart miliary action. What a mess. Hormuz is starting to look like Trumpski's Waterloo.

Note Added Monday Morning, 6/8/26, at 7:33 AM EST: Trump told Israel to back off from retaliating against Iran but no one is listening to the orange head anymore. King Donnie makes a tiny fist and pounds the table telling everyone, especially Israel, that he runs the show! After that, Israel fires missiles at Iran in retaliation for their strike. So much for Donnie's threats and bluster. An hour ago, Chump proclaims that the cease fire remains in place and Iran and Israel are on the verge of a deal. Markets are looking for something to cling on to ever since futures started trading last night so Trumpski's words create a rally in the S&P futures now up over +50 points and the rise in oil subsides. King Donnie happy talk saves the day and it is time to have more fun in Party Town. Wheee! Whoopie! Volatility drops a big plus for the bulls. Iran says it does not plan to send anymore missiles at Israel so this is happy news, but, more importantly for the radical Islamists, it is a means to drag things out further in time pushing Trumpski towards the mid-term elections with the Iran War albatross dangling from his orange neck. Giving some leeway to King Chump, the new moon peaks for the month on Sunday. That is the darkest time of the month overnight, and the best time to strike militarily, since the United States has advanced night vision and infrared weaponry and equipment especially if the Marines go in to take the islands and coast of the Straits of Hormuz (commando raids). A window for US military action would be a couple days before the new moon and say, 5 days hence, thus, Thursday, 6/11/26, through Friday, 6/19/26, would be the opening to hit Iran. At least we do not have to wait long to find out the answer. Trump is viewed as a paper tiger threatening military action for two months and is now clearly broadcasting to all that he does not want to restart kinetic action; he lost his leverage. Or did he? Is this just a game until he thwacks them with military fury in the dark of night in the window from Thursday through the following Friday? It is time for King Donnie, donning his paper Burger King hat atop his orange noggin, to sh*t or get off the pot. Each day is more damage to the global economy that will linger for months forward (Trumpflation). It is decision time one way or the other.

Note Added Tuesday Morning, 6/9/26, at 4:34 AM EST: Donnie Chump saves the day with Iran War happy talk. Stocks rally yesterday but the gains faded as the session continued. Donnie "Two-Week" Trump says he will have the Iran situation completely resolved within 2 weeks. Why does he have such a need to bloviate each day? Because he is a narcissist, raised with a silver spoon in his mouth, with an out of control ego. So now it is back to the two week stuff. The time frame does match the window above. If he does not act over the next 10 days, the new moon peak will not occur for another month. Oil falls back on the Trumpski media manipulation. Now it is back to the waiting game. King Donnie says he will completely resolve the Iran situation in two weeks. Do you have confidence in that statement? Has the orange head lost credibility in the Middle East and on the world stage due to the delusional happy talk that never materializes into something tangible? Anyhoo, stocks pop but the stochastics on the daily chart slips below 50% into bear territory. Price comes up to back kiss the 20-day MA at 7480 with the SPX climbing to 7467 only 13 points away and voila, that is what the S&P futures are showing this morning. Thus, mathematicians say thus a lot that is why Keystone is not invited to the Flag Day celebration on Sunday, price may come up for the back kiss of the 20 today and then have to make the critical bounce, or die, decision. It is a sloppy bottom because it was news-driven and not technically-driven. The Fed meeting is next week with Chairman Warsh's debut performance. He will likely remain on hold as he gets his bearings in the new job. Stocks are typically up the day or two going into the Fed decision so that may be on tap early next week. If the bears want to growl, they should start the negativity this week since there will likely be some lift to the market next Tuesday and Wednesday.

Note Added Tuesday Morning, 6/9/26, at 7:57 AM EST: Donnie Trumpski cannot stop the diarrhea of the mouth now proclaiming there will be a deal in Iran in 2 or 3 days. People are starting to openly mock and laugh at the orange head's never ending proclamations of happy times ahead but never providing deliverables. Oil prices remain subdued believing every word of Trump's rhetoric (Donnnie says the Strait of Hormuz will immediately open when the deal is signed in 2 or 3 days; is it another lie?). For now, that is good enough to continue the stock market par-tay. S&P futures are up +30. Everyone wants to buy stocks and then head to the beach to sing Margaritaville but, unfortunately, Jimmy will no longer lead the song. His spirit will. Some people claim that there's a woman to blame, but I know, it's my own damn fault.

Note Added Tuesday Evening, 6/9/26, at 6:38 PM: Stocks jump higher at the opening bell, then fall on their sword, then come way off the lows into the closing bell. The SPX moves higher to 7483, back kissing the 20-day MA at 7479, and failing. It is a successful back test for the bears. The bounce or die decision from the 20 was die. Bulls win above the 20-day MA resistance at 7479 while bears win below the 50-day MA support at 7195. in between is noise. A US Apache helicopter was shot down by an Iranian drone and Trump vows a retaliation measure but an hour later says it was no big deal. The orange head says it was a 'highly sophisticated helicopter' but how can that be when a $20,000 suicide drone took out the copter like stepping on a bug on the patio? Trumpski looks like a deer in the headlights in recent interviews. It is war without end now that drones are the weapon of choice. Muz feels more and more like Nam everyday. Donnie's shoulders slump as he feels The Weight.

SPX S&P 500 60-Minute Chart with 200 EMA Cross; Stock Market Enters Short-Term Bear Market Unless the Bulls Can Fight Back Next Week

One of Keystone's fave stock market metrics is the SPX 60-minute chart with 200 EMA cross. What did he say? What'd I Say. Baby, shake that thing. During the February/March swoon, the S&P 500 was below the 200 EMA signaling an ongoing short-term bear market with pain and misery. The bottom was placed on 3/31/26.

The SPX gaps above the 200 EMA in early April as if it was not even there. It was off to the races for stocks with a short-term bull market just beginning. The party continues through April and May. Now it is June, and there is a swoon. The SPX receives the neggie d spankdown as previously explained and forecasted to 7384 and price falls through the 200 EMA on the 60-minute at 7389.

The S&P 500 begins next week at 7384 forecasting a short-term bear market ahead but you want to see a couple days of confirmation to make sure. Watch it closely. The bulls have to show up Monday morning with a strong game plan ready to fight back, otherwise, they may fold like your cheap suit.

Bulls win and will stave off the bears for another day if they can send the SPX above 7389 and moving higher.

Bulls are toast going forward if the SPX remains below 7389 trending lower. It is D-Day (6-6-44) so we need The Swing Dolls to sing and celebrate the armed forces. 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.

The Keystone Speculator's Labor Market (Jobs) Indicator; US REMAINS IN A LABOR RECESSION FOR 2 YEARS AND 9 MONTHS BUT TEETERING ON VERGE OF STARTING A LABOR RECOVERY

THE UNITED STATES LABOR RECESSION STARTED ON 9/8/23 AND IS 33 MONTHS ALONG AND COUNTING; 2 YEARS AND 9 MONTHS!! ALMOST 3 YEARS!

The US Monthly Jobs Report on Friday, 6/5/26, was 172K jobs making for happy faces. Considering that number, surely the unemployment rate slips to 4.2% or lower and the labor recovery should begin. Nope. The unemployment rate remains at 4.3%. It is odd since a couple hundred thousand jobs were reported.

The two government shutdowns messed-up the economic data that likely still needs a couple months or so to line out properly. All the job growth is in one sector; healthcare. Humorously, but also empathetically, people are probably worried about their future to the point that is it creating health problems.

Television pundits, wearing custom-tailored $4K Armani suits, proclaim that about 50K jobs are needed to replace those leaving the workforce but the number is likely larger and closer to 100K. The jobs number itself is bogus since the yearly revision in spring typically knocks off 80K jobs per month. The unemployment rate is the key metric to judge if a labor recession or labor recovery is at play.

Ahead of yesterday's job data, the chart above identified a 4.3% rate as continuing the labor recession, by a hair, while a 4.2% rate would begin a labor market recovery (verifying a stronger jobs picture that some folks are talking about). The 4.3% rate is cast in stone yesterday so the labor recession continues. For the next jobs report in early July, the same scenario is in place. A 4.3% or higher rate continues the labor recession. A 4.2% or lower rate would begin a labor market recovery.

The country has also been in a housing recession and manufacturing recession in addition to the labor recession but an overall US recession is nowhere to be seen, like Godot. The Godot Recession (the recession that never arrives) occurs because consumer spending by the wealthy Americans, that benefited from the 15 years of Fed money-printing and government stimulus, remains robust, and the AI hype and euphoria, the chip orgy, also delayed, and perhaps stopped, the overall US recession.

After the last couple years and more of economic slowness (manufacturing, housing and labor recessions), the recent manufacturing data is showing signs of life and recovery. The housing recession ended in February but Keystone has been waiting for more data (6/16/26) to confirm the US housing recovery now in progress. The housing recession started in December 2022 and ends February 2026, as long as the BLS does not throw a curve ball. The US housing recession ran for 3 years and 2 months. The housing recovery is now 4 months along and will be confirmed with data on Tuesday.

How can this be? For many decades, if America is in a labor, housing and manufacturing recessions, it is guaranteed to be in an overall US economic recession. Not now. Semiconductors are the new sheriff in town and that sector has gone great guns higher. Further, the AI hype sends stocks to the moon. The easy money provided by the Fed and Congress during the COVID-19 pandemic creates inflation and jobs galore. People could not spend the free money fast enough, like pigs feeding at the trough. Employers begged for workers during 2022-2024 but not so much anymore.

The unemployment rate popped to 4.3% in August 2024, almost two years  ago, and the thinking was that it would take a big jump higher as typically occurs once a recession takes root. Alas, instead, the blue line shows the rate bumping along sideways.

The BLS data collection and releases are messed-up due to the government shutdown in the Fall and early this year. For the next US Monthly Jobs Report on 7/2/26, released on a Thursday due to the July 4th holiday weekend, as mentioned above, if the unemployment rate remains at 4.3% or higher, the labor recession continues, but, if the rate falls to 4.2% or lower, the labor recovery begins verifying a stronger jobs picture going forward. Now you know what to watch on Thursday, July 2, as the Independence Day festivities and weekend will begin.

King Donnie Chumpski chased away pretty Martina that will not sing Independence Day at the lame Whitehouse event that emphasizes Donnie's b-day instead of the country's. That's a shame. Martina McBride was electric with the Boston Pops years ago. The song is written by Gretchen Peters and is actually about child and spousal abuse. Martina had command of the performance that evening and knew she hit the ball out of the park; some nights are like that. The song became the theme song for the United States after the 9-11 terrorist attacks. The orange headed idiot says Martina is a no-talent bum. What do you think? Who would you rather be with?