Keystone's SPX 30-Minute Chart with 8 MA and 34 MA Cross Indicator Negative Divergence

The 8 pierced up thru the 34 MA at about noon time yesterday signaling bullish markets for the hours and days ahead.  The 8 MA has not curled over as yet so the bulls are running.  Remember, each candle represents thirty minutes of time. The red lines show the negative divergence spank down last Wednesday that was described as it occurred. The market down move trailed into a falling green wedge and positive divergence that created the rocket launch at yesterday's openign bell.

Price is moving higher again and over the last two price highs, the indicators are all negatively diverged except for the MACD line that wants to see another high. The RSI and money flow are tentative where they can easily print slightly higher highs which would then demand to see a higher high in price, until the indicators firmly exhibit universal negative divergence to create a smack down.  Thus, price may bounce along at 1430-1435, perhaps up to the Bernanke QE4 rally high last Wednesday at 1438, but negative divergence should lock in, the stochastics and money flow are already overbot and the RSI near overbot, and create a spank down. The 8 and 34 MA cross is most important on this chart. The bulls are in control and driving the bus as long as the 8 is above the 34. 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.