Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Pages
▼
Sunday, October 18, 2015
SPX S&P 500 30-Minute Chart 8/34 MA Cross
A favorite short term indicator for market direction is the 8/34 MA cross on the 30-minute. The 8 MA is above the 34 MA signaling bullish markets for the hours ahead.Bears got nothing unless they create a negative 8/34 cross. The chart is negatively diverged so price should receive a spank down in this 30-minute 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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.