SPX S&P 500 30-Minute Chart; 8 and 34 MA Cross

One of Keystone's favorite VST (very short term; hours and days) stock market indicators is the 8 and 34 MA cross on the SPX 30-minute chart. The SPX failed on 10/9/18 but the bulls battle back and create the relief rally starting with the positive 8/34 MA cross on Monday, 10/15/18. The bears fight back and slap, smack, the 8 MA stabs back down trough the 34 MA ushering in near-term weakness. The bears remain in control as long as the 8 MA remains below the 34 MA. If the 8 MA recovers back above the 34 MA that tells you  the relief rally is beginning.

The SPX begins the new week of trading at 2768. Keystone has been harpin' on the importance of the 2764-2776 support gauntlet show by the red and green bars. Price is moving sideways. The world awaits the up or down decision from this critical 2764-2776 range. 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.