SPX 60-Minute Chart Price Versus 200 EMA Cross

One of Keystone's trun signals is the price cross of the 200 EMA on the 60-minute chart, a very important bull-bear line in the sand.  If price is below the 200 EMA, expect much lower prices, if above, expect higher prices.  Note yesterday's behavior and respect for this moving average, now at 1339.61. The 200 EMA was violated during the last couple hours of trading but price recovered to close above 1339.61, just to keep eveyone guessing.  The red lines show a lower low in price comparted to last week with RSI and the MACD line desiring another lowe low for price. The other indicators are positively diverged which created the late day pop. Thus, watch 1339.61 and also the 1335 support shown with the light blue line. As time ticks buy, note the potential sideways triangle movement developing, price now moving thru 1330-1360 wiht an ever-tightening range moving forward. Bears will be cruising if price fails the 200 EMA. Bulls will be fighting to recover and moving the broad indexes higher if they can keep price above the 200 EMA. 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.