SPX 30-Minute Chart

Here is one of Keystone's fave charts to monitor and it also serves as one of the indicators on the Turn Signal page on this site. Watch the 8 and 34 MA cross. On 6/11/12, the bears took control but that did not last long. The markets were wrestled back by the bulls on 6/13/12 and they have run with the ball ever since. But now, however, as seen by the 8 MA at 1354.44, and 34 MA at 1354.10, only 34 cents differnce, the bulls are about to fumble, perhaps.  Watch this very closely after the open. If the 8 MA falls under the 34 MA the bears will rock today. If the bulls curl the 8 MA back upwards and separate distance again, with the 8 MA running higher, the bears will feel more pain. The SPX is developing a sideways vibe thru the 1345-1365 range.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your finanical advisor before making any investment decision.

Note Added 6/21/12 at 12:02 PM:  The 8 MA stabbed down thru the 34 MA in the first half hour of trading today ushering bearishness for the hours and day or two or so ahead.