SPX 30-Minute Chart Sideways Triangles

Watch the 8 and 34 MA cross today. The bears are driving the bus with the 8 under the 34. Price appears to be moving sideways into the apex of the sideways triangle so a decision is coming, likely in concert with Spain providing either a thumbs up, or thumbs down, Caesar style.  Note the wide sideways channel at 1450-1475 and the tighter channel at 1453-1466. Moves from these channels are important. 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.