SPX 30-Minute Chart

The bears are not allowed to shine. The SPX thrusts higher at the opening bell and the 8 MA moves back above the 34 MA signaling bullish markets for the hours and days ahead, however, the move is tentative and it would not be surprising to see a whipsaw back in the hours ahead. The SPX touched the 1571 so a test of the all-time high at 1576.09 should occur but the HOD is 1572.47 so far, only a 2-1/2 point pop from 1571. The upper BB on the daily chart is 1572.75. The red lines show negative divergence in place but there is some momo due to the big move higher at the open. Note the prior market stick-saves, same-o story. The thrust higher at the opening bells reverse the 8/34 crosses (teal boxes).  Note the teal dots that show in each instance, within one to two days, the SPX drops back down from where it launched. Watch the 8/34 cross, for now the bulls are driving the bus again. 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.