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

One of Keystone's favorite VST (very short term; hours and days) stock market indicators is the 200 EMA cross on the SPX 60-minute chart. The SPX failed below the 200 EMA on 10/4/18 and came up for the back kiss and then collapsed ushering in a bear market for the near-term. The bears remain in control as long as the SPX remains below the 200 EMA at 2848. If price moves above 2848, the stock market will rally strongly higher.

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.