SPX 30-Minute Chart 8 and 34 MA Cross Sideways Symmetrical Triangle

The 8 MA is under the 34 MA on the 30-minute chart signaling bearish markets for the hours and days ahead. However, you know the drill these days, wait ten minutes and it will probably change again.  The sideways symmetrical triangle continues to play out today. The 8 MA is 1516.32 so as long as price stays under this number, the bears can maintain negativity. Watch for a break out of the triangle, either above, or below, to see which way the broad indexes prefer to move today. The markets have to choose a direction this week and stop all this tomfoolery. 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.

Note Added 3/4/13 at 8:00 PM:  The bulls pushed higher all day long into the close and the 8 MA is back above the 34 MA to signal bullish markets for the hours and days ahead.