SPX 30-Minute Chart 8 and 34 MA Cross

The negative divergence discussed this morning continues to slap the SPX lower. The 8 MA stabbed down through the 34 MA signaling bearish markets for the hours and days ahead.  However, note the fakeout late last week, so the bears have to prove they want to take it lower.  Price is matching lows from last week and the indicators remain on the weak side although money flow is positively diverged now.  Some sideways may be in order through 1495-1503.  The bears got game as long as the 8 stays under 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.