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.
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Monday, August 14, 2017
SPX S&P 500 60-Minute Chart; 200 EMA Cross
A key short-term signal is the 200 EMA on the S&P 500 60-minute chart. The market bears had firm control--until this morning. The gap-up move in stocks sends the SPX in a beeline to the 200 EMA at 2459-2460 and price crosses above predicting bullish markets for the hours and days ahead. The bears need to push the SPX under 2459 as quickly as possible to prevent the relief rally from gaining steam. The 2459-2460 tells you a lot today. Bulls have further upside strength above 2460. Bears will resume the negativity in stocks under 2459. 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.
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