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

The Keystone speculator's SPX 60-Minute Chart with 200 EMA Cross Indicator signals a short-term bull versus bear market. The 200 EMA on the 60-minute is 3387. Price is at 3357 predicting bearishness ahead. That is 30 points below in the bear camp. Bulls will need 30 points to move back above the 200 EMA.

That whipsaw behavior back and forth across the 200 during September is unprecedented. Usually the cross occurs more cleanly. The bulls and bears are both getting cut up in a knife fight in the alley. The bears last created a negative cross in late June but the bulls quickly reversed that negativity with the Fed pumping stocks into the blow-off top.

SPX 3387 is the rudder steering the stock market ship. Every hour price is below 3387 is another nail in the bull coffin. If the S&P 500 pops above 3387, the bulls will be off to the races higher with equities finishing the week with a happy ending. 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.