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

The Keystone Speculator's 60-Minute Chart with 200 EMA Cross Indicator is an important VST (very short-term), near-term and short-term stock market signal that is currently bearish. You can see how price respects the 200 EMA testing the support in the first half of the month and bouncing higher so the bulls puff their chests out.

That quickly changed on 12/15/22 after the SPX collapses through the 200 EMA on the 60-minute. Once that happened, there was Hell to pay.

The SPX needs to back kiss the 200 EMA and if it results in a spankdown and rejection, the bears will be in clover and sends stocks strongly lower.

If the S&P 500 rallies higher for the back test at 3907, for the bounce or die decision, and instead bounces above 3907 rallying higher, stocks are going to take off strongly higher especially when the shorts start panicking and covering.

So choose your poison. If you want the bullish outcome for the US stock market, you want to see the S&P 500 rally about 60 points to back kiss the SPX 3907 and to bust up through heading higher. 

If you want the bearish outcome, you want the back kiss at 3907 to occur and for the SPX to receive a firm rejection and smackdown which will create pain and misery in stocks going forward.

Bulls win big above 3907. Bears win big below 3907. 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.