SPX S&P 500 60-Minute with 200 EMA Cross and 30-Minute with 8/34 MA Cross Charts

Two of Keystone's favorite ST and VST stock market signals are the SPX 60-minute chart 200 EMA cross and the SPX 30-minute chart 8/34 MA cross. The SPX at 2826 remains well below the 200 EMA on the 60-minute chart at 2868 so the bears rule the stock market for the hours and days ahead.

On the S&P 500 30-minute chart, the 8 MA is below the 34 MA so the bears are also in charge in this very short term time frame by this metric. Note, however, the difference between the 8 and 34 moving averages at only 1.26. The price action at Tuesday's opening bell (US markets are closed on Monday for Memorial Day holiday) is key. The bulls can spike that 8 MA right up through the 34 MA to begin a path of upside bullish joy, or, the bears will need to come to play and jam stocks strongly lower which causes the 8 MA to collapse and maintain its negative, or bearish, posture below the 34.

The stock market is in a short-term and very short-term bearish pattern. The bulls need the 8 MA to cross up through the 34 MA on the SPX 30-minute chart to prove they can take equities higher. If the bulls then push the S&P 500 above the 200 EMA on the 60-minute at 2868, stocks will rally strongly higher. If the bulls create the 8/34 bullish cross on the 30-minute, but then fail to send the SPX price above the 200 EMA on the 60-minute, the bulls got nothing and stocks will slowly roll over again to the downside.

President Trump creates the whipsaw markets over the last couple weeks with his tweets that one minute the US-China trade deal is hunky-dory but the next minute is doom and gloom. Last week, after the markets are taking a hissy fit, Trump said the trade deal will be resolved in three weeks when he meets with President Xi at the G20. So the saga and adolescent dramatics will continue into late June. Perhaps the stock market will experience buoyancy as they hype over a trade deal increases into the G20 meeting, but then the bears take strong control due to the leaders unable to strike a deal or if the deal is perceived to be too weak for the US. The less-expected outcome would be a great trade deal but Trump always has a way of surprising folks. Emperor Xi and King Trump will meet in June at the G20 and tell the global financial markets how to trade.

Check that 8/34 cross on the 30-minute after trading begins on Monday since it will tell you a lot about the stock market direction forward in the short-term. The monthly charts will receive new data points on Friday at 4 PM EST and June trading begins on Monday 6/3/19 one week from now. 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.