SPX 30-Minute Chart 8/34 MA Cross

The 8 MA is above the 34 MA on the 30-minute chart signaling bullish markets for the hours ahead. This is in conflict with the SPX under the 200 EMA on the 60-minute chart so one of them is wrong. Either the chart above turns bearish (8 under the 34) or the SPX will move above the 200 EMA on the 60-minute chart and the outcome will tell you market direction for the short term ahead. The red lines are in negative divergence favoring the bearish outcome in this short term time frame. 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 Thursday, 6/18/15, at 11:02 AM:  The SPX launches higher to 2119 with the SPX far above the 200 EMA so the bulls win.