SPX S&P 500 60-Minute Chart with 200 EMA Cross; Short-Term Bear Market for Stocks if SPX is Below 6047

The 200 EMA on the SPX 60-minute chart, now at 6047, is one of Keystone's fave ST and VST indicators. You can see the bulls have controlled the game a long time. Bears threatened to take the ball away as February started, that was after the FOMC meeting, and stocks took off higher. There is a bunch of Donnie Trump hype upside action in that chart as well.

Price also came down mid-month to test the critical 200 EMA only to bounce again. Last Friday she came down, and the support ruptured, and it is a bigtime negative for the stock market. The bears control the direction of stocks ahead, which is down, as long as the SPX remains below the 200 EMA at 6047.

The bulls will be back in business if the S&P 500 moves back above 6047. If stocks rally, and S&P futures are up +23 Sunday evening on the East Coast, but the SPX is unable to move above the 6047, the rally is meaningless, and will reverse and fall apart.

All that said, and knowing that the 200 EMA on the 60-minute at 6047 is a critical market metric, means price will want to come up for the back kiss at the 200 EMA at 6047. If price begins Monday at 6013, that is +34 points of upside the bulls need to back test the 6047. The bulls are pumping futures tonight so they are going to come ready to play tomorrow.

The SPX will likely come up to 6047 for the bounce or die decision. If price bounces above 6047, it is rainbows, blue skies, flowers, delicious meals, and stocks rallying higher. If the back test of 6047 takes place, and price dies, she will likely start going down extremely hard and fast and there will be carnage on Wall Street.

The Keybot the Quant robot is short and says bears win big if SOX drops below 5119 but bulls win big if VIX drops below the 16.61 palindrome. Dylan and Donovan sitting around playing guitar. It's all over now, baby blue? 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.