SPX S&P 500 30-Minute Chart 8/34 MA Cross

The 8 MA is above the 34 MA on the SPX 30-minute chart signaling bullish markets for the hours ahead, however, price is under the 8 MA which will curl it downwards for a potential negative cross. Bears got nothing until they receive the negative 8/34 cross. The bears were in great shape last weekend with the 8 MA under the 34 MA but the Chinese pumped global stock markets higher with the bank triple R cuts last Sunday. On Monday, 4/20/15, stocks gapped higher and the central bankers save the day again as they always do. The red lines highlight the negative divergence that creates the initial spank down off the top.

The expectation is for a move lower for stocks going forward especially since the CPC put/call at 0.76 indicates uber complacency and a market top at hand. 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.