SPX 30-Minute Chart Rising Wedge Overbot Negative Divergence Support and Resistance Levels 8 MA and 34 MA Crosses

Note the 8 MA and 34 MA crosses that indicate short-term bull and bear moves; currently the 8 MA is above the 34 MA which verifies the market buoyancy last Friday although price is now dropping under the 8 MA which would curl the moving average back down. The red rising wedge from Friday resulted in late day weakness but it would not be surprising to see price come up to test 1410-1411 again to set up the negative divergence, and downside, more firmly. Continue monitoring the 8 MA and 34 MA crosses. The blue lines show the critical S/R for the SPX at 1419, 1417, 1414, 1413, 1410, 1408, 1406, 1403, 1401, 1399, 1394, 1391 and 1389. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.