SPX S&P 500 60-Minute Chart with 200 EMA Cross Signals Bearish Stock Market Ahead; Textbook Island Reversal

"Houston, we have a problem." Ground control to Major Tom. What do we do Mission Control? Major Tom, put your head between your legs and kiss your arse goodbye. A key ST (short-term) and VST (very short-term) stock market signal fails today. The SPX 60-minute chart with 200 EMA cross dictates if stocks are in a near-term bull or bear market. The SPX falls below the 200 EMA at 6742 so a short-term bear market begins.

Price failed the 200 EMA, then came up for the back kiss, and was spanked back down, so it is all systems go for the down side (price did not have the strength to recover back above the 200). But tomorrow is another day and the bulls may eat some spinach for breakfast, like Popeye, and develop strength.

If not, and the SPX remains under 6742, the stock market is toast. Stick a fork in it because it is cooked.

The stock market was on vacation for the back half of October lounging on the island top. There is a palm tree on the island. Price gapped-up to begin forming the island, and then when it was time to leave the island, price fell back down through the same gap, a textbook island reversal pattern.

Simply watch the SPX tomorrow. If you choose to remains long stocks, you will be slightly relieved if the SPX recovers back above 6742, but if not, you will be clenching your buttock cheeks as the screens turn red and you lose money, and then you will be crying in your beerski on the weekend. Do you want to go to the Poor House or to the Love Shack? Tin roof! Rusted! Come on, jump in, we're headin' on down to the love shack. Stay away, fools. 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 7:47 PM EST: S&P futures are up +22 that will set up a knock-down drag-out fight at 6742 tomorrow. It will determine who goes home crying. Crying by Roy. The only way you can sing that high is if you put the capo on your nuts (that's an old musician's joke).

Note Added Monday Morning, 11/10/25, at 11:49 AM EST: The bulls come to play today bolstered by a resolution to the US government shutdown. Stick-save. The 200 EMA on the SPX 60-minute is at 6740 and price gaps above after the opening bell. The S&P 500 is now at the 6776 palindrome above the key ST bull market signal at 6740. The drama will continue this week.

Note Added Sunday, 11/16/25: The SPX ends last week at 6734. The 200 EMA on the 60-minute is at 6756. Whoopsies, daisies. The drama continues. This is the epic sword fight on top of the castle walls, the bull and bear are balancing on the unstable stones battling away, trying to slash each other, but both know that one will lose. SPX 6756 will choose the winner and loser going forward.

Note Added Thursday Evening, 11/20/25: The broad stock market sells off for a few days and takes the pipe today with the SPX dropping down to 6538.

Note Added Saturday, 11/22/25: The SPX drops to 6521 intraday Friday and then ends the week at 6603.