SPX S&P 500 Daily Chart; Battling at the 150 and 200-Day MA's

The SPX is coming down to back kiss the 150-day MA at 2774. There it is. As this is typed. Whoopsies daisies. The SPX flushes down to 2771 slipping below. The 200-day MA support is at 2768 so price faces another price or die decision at that level.

Now price is down to 2770 the LOD occurring as this is typed. 2 days ago, price poked up through the 150 and 200-day MA's so a back kiss would be expected and it is occurring right now. The S&P 500 will bounce or die from 2768-2774.

The 10-month MA is at 2765. Thus, the S&P 500 will bounce or die from the 2765-2774 confluence.

The 50-week MA is 2747. The key 12-month MA, the cliff edge for the stock market, is at 2748. Thus, a failure at SPX 2747 creates the start of the Armageddon scenario for the stock market for the days, weeks, months and perhaps several years ahead.

If the bulls receive a springboard bounce from the 150 and 200-day MA's and 10-mth MA at 2765-2774, price will seek the 100-day MA up at 2826.

Note the flat 150-day MA line. One of Keystone's key cyclical market signals is the slope of the 150-day MA. That flatness tells you that the S&P 500, which is the broad US stock market, is slipping away into a cyclical bear market pattern. The bulls need the 150-day MA to start sloping higher again pronto, otherwise, they have lost long-term control of the stock market.

At 11:54 AM EST, a couple minutes before munch time on the US East Coast, the SPX is at 2772 between the 150 and 200 making its bounce or die decision. 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 at 12:05 PM: The SPX is at 2771. Slap. Whack. Splat. Slap. The bull-bear battle continues. The 2765-2774 support is for all the marbles. If it fails, then 2747 will be tested and if that fails, Armageddon begins. Bulls need the SPX above 2774 as fast as possible. The drama continues. The tension builds.

Note Added at 12:09 PM: The SPX is at 2775........ 2774 ........ Who will win?

Note Added on Sunday, 10/21/18: Nobody wins, the battle continues into the new week of trading ahead. The SPX finishes last week at 2768 inside the critical 2765-2774 gauntlet. Of course it did. The 150-day MA is at 2774-2775. The 200-day MA is 2768. The 10-month MA is 2765. The 50-week MA is 2747. The 12-month MA is 2747-2748. The S&P 500 finished last week sitting exactly on the 200; it will make a bounce or die decision from 2765-2774 on Monday or Tuesday. If price would have closed below the 10-mth at 2765 that would have been a far more negative signal; instead price remains above 2765. It can not be repeated too many times. If 2765 fails, a test of the critical 2747-2748 level should occur. A drop below 2747 begins long-term bloody stock market carnage (the children's eyes will need covered). Bulls will cheer and celebrate above 2774-2775. Since utilities are rallying higher and back into a weekly uptrend, this hints that the long-term stock market carnage has not yet begun, but it is likely very near.