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

Boom. One of Keystone's key short-term indicators, the 8/34 MA cross on the SPX 30-minute chart, turns bearish. The 8 MA is now 25 cents below the 34 MA ushering bearish negativity for the hours perhaps few-days ahead.

Comically, however, is that each time the 8 threatens to cross below the 34 and create negativity, happy trade talk news or central bank chatter occurs to save the day. Look at all those times the 8 threatened over the last couple weeks. The 8 MA is Charlie Brown and Lucy keeps pulling the football away as soon as he tries to kick it. So, is this time for real for the bears? 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 11:36 AM EST: The SPX is at 3116. The 8 MA is down to 3117.96 remaining below the 34 MA at 3119.40. 

Note Added 12:11 PM EST: The SPX is at 3115. The 8 MA is down to 3116.90 remaining below the 34 MA at 3119.32. 

Note Added 1:23 PM EST: The stock market is falling apart on news that the US-China trade deal hits a snag. The SPX is down 26 points, -0.8%, to 3094. The Dow collapses 240 points, -0.9%, to 27694. COMPQ -1.0%. NDX -1.2%. RUT -0.8%. The VIX is 13.97 and was above 14 minutes ago. Copper -0.4%.

Note Added 1:31 PM EST: The SPX is at 3093. The 8 MA is down to 3108 remaining below the 34 MA at 3117. The 8 has stabbed down through the 34.

Note Added 3:38 PM EST:  There is about 20 minutes remaining in the trading day with the SPX down 17 points, -0.5%, to 3103. LOD 3091. 20-day MA 3075. The Dow loses 148 points, -0.5%, to 27786. VIX 13.17. Copper -0.4%.

Note Added Thursday Morning, 11/21/19, at 5:15 AM EST: The SPX finishes hump day down 12 points, -0.4%, to 3108. The Dow loses 112 points, -0.4%, to 27821. The bulls fight back during the day yesterday since copper and commodities are holding in the bull camp as well as volatility. The Sondland testimony is damaging to President Trump but markets do not care. The Rorschach impeachment test continues with the democrats and republicans seeing things along party lines. Markets did react negatively to the news that the trade deal hits a snag. Overnight, however, the communist head negotiator Liu says he is "cautiously optimistic" so that brought S&P futures back from about -14 to -8 overnight. Copper -0.9%. As this message is typed, China's Liu now invites the US negotiating team to China for more talks. The bulls celebrate the trade deal hype like Pavlov's dog celebrates a biscuit and begin tripping over each other buying the long side. S&P futures are up +3. Dow futures +25. Nazzy +6. Russell +3. VIX 13.03.  Teflon Don has appeared to weather the Sondland and impeachment storm, for now. Most Americans are likely resigned to the fact that all the politicians are corrupt. Copper -0.8%. Interesting. Copper does not yet recover like the futures do on the happy trade deal talk.

Note Added Thursday Morning, 11/21/19, at 5:30 AM EST: The 8 MA on the SPX 30-minute chart is 3104 and the 34 MA is 3116. Price is at 3108 so, by definition, this will curl the 8 MA upwards. Bears would need the SPX to be below 3104 and falling to keep dragging the 8 MA lower.