SPX S&P 500 Daily and 2-Hour Charts; Rising Wedges; Overbot; Negative Divergence

The US Monthly Jobs Report rallies the stock market to SPX 6000 but no one was passing out any hats. Keystone's SPX 6K hat already has oil and paint stains on it. What is shocking about the above charts? The charts were already in neggie d before the jobs report and after every single chart indicator remains in neggie d despite the big happy rally. She's a top folks. Oh my, that may have different meanings.

Anyhoo, the 2-hour displays a rising wedge pattern (bearish), overbot stochastics and neggie d across all indicators as price makes a new high. She's cooked.

The daily chart displays rising wedge patterns, overbot stochastics and neggie d across all indicators. She's cooked in both the hour and daily time frames.

All of you are not worried because you are prepared with shorts, right? The only thing that can save the day is happy talk from King Trump or the Fed over the weekend. Otherwise, she is going down and it would be expected immediately. What do you think? A Black Monday?

It is a beautiful set-up for shorts; fantastico. The knives will be out to begin the week making it a Manic Monday as the girls play and sing. Are you prepared or does Keystone have to hand your head back to you on a platter next week? Let the festivities begin. Considering the ongoing complacency that has not yet been resolved, a big drawdown in stocks is expected.

The US dollar is set to have a nice rally on the weekly basis due to positive divergence developing. Everybody and his bro are short the dollar so when they begin panicking and start covering, the buck will likely be a moon shot in the days and weeks ahead. That will send gold lower (now topping-out with neggie d) and as shown above stocks are set-up to collapse in the short-term due to neggie d. The Keystone Speculator is the Father of Divergence Trading. It's a Wild, Wild Life. 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 Monday, 6/9/25: The bulls are running wild. Put/call ratios remain low verifying ongoing complacency and euphoric bullishness. Goldman Sachs tells investors to buy the stock market and the Magnificent 7 stocks will rally greatly. Morgan Stanley expects stocks to fly to the moon over the next 6 months with the SPX running to 6500. JPM and C raise their SPX targets. Citi proclaims the S&P 500 is on its way to 6300. Pundits parade across television and internet screens yesterday one more bullish than the next. Watch what the crooks do with their money, not what they say.

Note Added Saturday, 6/14/25: The SPX pulls back a modest -0.4% during the week spending each day choppy flat. The trade deal hype and tariff drama and belief that rate cuts are around the corner keep stocks elevated. The bullishness remains off the charts and traders appear willing to wait it out until the FOMC meeting next week (6/17-6/18) and Fed decision and Chairman Powell comments on Wednesday. Stocks are typically higher 80% of the time the couple days before a Fed meeting so the bulls want to hold the line until the big news on hump day. The weekend will be interesting and Sunday night futures at 6 PM EST since Israel and Iran are now at war. Iran cannot match Israel's military smarts so they will begin attacking sites all over the Middle East to create a broader conflict and try to drag others into the war.