SPX S&P 500 60-Minute Chart; 200 EMA Cross

The battle continues at the 200 EMA on the SPX 60-minute chart at 2455 a key short-term market signal. The SPX is at 2452 below the 200 EMA so the stock market bears are in charge for the hours and days ahead.  Market bulls need to push the SPX above 2455 as soon as possible, otherwise, the bears will begin to press the stock market far lower.

Market bears can cheer as long as the SPX remains under 2455.13. Bulls rule the markets above 2455.13. 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 Wednesday Morning, 9/6/17, Before the Opening Bell: The SPX ends Tuesday at 2458 with the 200 EMA at 2455.14. The bulls win. This battle continues and 2455 tells you who is the winner going forward. Stocks may be in a holding pattern until King Draghi announces the direction of the euro tomorrow morning which will impact all other asset classes.

Note Added Sunday, 9/17/17: The SPX bounced in the chart above exactly at that red circle on the right-hand side. The bulls held the 200 EMA support and used it a a springboard launching the S&P 500 to a new all-time record high above 2500 for the first time in history. The SPX is at 2500.23 and the 200 EMA on the SPX 60-minute chart is at 2468 and rising. The 200 EMA remains a key pivot point for stocks for short-term trading going forward; it will be a big deal when it fails.