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.
The SPX 2-hour is set up negatively. RSI and stoch's are overbot agreeable to a pull back. The rising wedge is bearish. The red lines show the neggie across all indicators so a near-term top is likely. Price has yet to show respect to the middle band at 2788 and rising after the upper band has been violated so that is on the table along with the lower band at 2769 and rising. There are a couple big gaps that need filled below. Keystone opened up short positions against the indexes on Friday. 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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