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

An important VST stock market indicator is the 8 and 34 MA cross on the SPX 30-minute chart. The 8 MA just stabbed down through the 34 MA which is a bearish signal for stocks in the hours and days ahead. However, the SPX is at 2780. This is at the 34 MA and above the 8 MA at 2776. Since price is above the 8, it will curl the 8 higher and potentially negate the negative cross and flip it back into a bullish cross like 2/11/19.

Even though the bears have a go signal in this very near term, price must drop below 2776 pronto to keep the 8 MA moving lower. Otherwise, the bulls will curl the 8 MA higher and regain control. Thus, bears win big if they can move the SPX under 2776 and close below this level the further below the better. Bulls simply need to keep price above 2776 since this will curl the 8 higher and eventually it will cross above the 34 MA for a bull cross forecasting a continuation of the upside rally. Watch that SPX 2776 level. 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 1:31 PM EST: The SPX is at 2777.77.

Note Added 1:34 PM EST: The SPX is at 2778. US Dollar Index 96.64. VIX 14.22.

Note Added 1:39 PM EST: The SPX prints a 2776-handle. 

Note Added 2:12 PM EST: The SPX is at 2776.66.

Note Added 2:19 PM EST: The SPX is at 2773.

Note Added 2:26 PM EST: The SPX is at 2769. VIX 14.76.

Note Added 2:49 PM EST: The SPX is at 2767. VIX spikes to 14.91.

Note Added 2:49 PM EST: The SPX is at 2766.66. VIX spikes above 15.

Note Added 2:52 PM EST: The SPX prints a 2764-handle. VIX spikes to 15.12.