SPX S&P 500 60-Minute Chart with 200 EMA Cross; Battle at SPX 6793 Dictates Bull Versus Bear Market Ahead

The Keystone Speculator's SPX 60-Minute Chart with 200 EMA Cross Indicator is an important VST (very short term) stock market indicator. If the SPX is above the 200 EMA on the 60-minute, stocks are in a bull market and there is nothing but joy ahead.

If, however, price falls below the 200 EMA on the 60-minute, stocks are in a bear market and coming to grips with the sad path ahead. The candlesticks are one-hour so you can see how price pierced the 200 EMA on the SPX 60-minute at 6793, then dropped below. Bears were throwing confetti and celebrating the failure, however, during the last hour, the bulls stage a comeback and the bears were sweeping up the confetti with their hands to put it back in the bag.

The SPX finishes at 68 hundo above the 6793 bull/bear line in the sand. Stocks remain in a bull market but looking at the price action today, the SPX may get flicked into the dirt like a cigarette butt. Watch it closely tomorrow.

If short, you cheer a failure at SPX 6793 and look forward to carnage below. If short, and the SPX remains above 6793, you will soil your shorts.

If long, you are cheering for SPX to keep its head above water at 6793. Very bad things will start to happen if SPX 6793 is lost.

What will happen tomorrow? Will the story be happy, or sad? Or maybe A Whiter Shade of Pale. Keystone must remember to pick up his Nehru jacket at the cleaners tomorrow. 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 Wednesday, 12/17/25, at 11:00 AM EST: The 6793 fails as chips collapse. Don't you love the smell of napalm in the morning? Bring in those air ships, boys. Light it up like a birthday cake. You know, someday this stock market is going to end. SPX LOD thus far 6748.

Note Added Wednesday, 12/17/25, at 11:18 AM EST: The VIX spikes above 17.02 that is bad news. SPX LOD 6742.

Note Added Thursday, 12/18/25, at 12 noon EST: The bear fun did not last long as the furry creatures are running for their lives today. Volatility, chips and utilities jump into the bull camp catapulting the SPX above 6800. The bulls want their Santa Claus rally. Inflation data was tame today so the Fed can focus on jobs and that opens the door to endless rate cuts ahead. The pending rate cuts in the new year, and the QE light that was brought in through the bedroom window, are so obscene they would make Caligula blush. The easy money orgy will send the stock market higher rewarding the wealthy class once again with effortless riches. Such is the crony capitalism filth system. The bulls are in touch with Santy telling him the party rally is back in play. VIX is 16.66. Trip 6's.

Note Added Sunday, 12/21/25: The bull/bear battle last week was at the critical 200 EMA on the SPX 60-minute chart at 6793. The bulls goosed the chips while the Fed put its jackboot on the throat of volatility and voila, it was orgy time; stocks never looked back. Stocks leap higher from the 6793 line in the sand, like a frog jumping off a hot stove, ending the week at 6835 now 42 points above the danger line where stocks will fall apart. As seen in recent price action, 42 points is butpkis. Despite the orgy rally and euphoric joy, stocks are expected to roll over lower. The Christmas holiday is this week on Thursday with the markets closed ditto the following Thursday for the first day of 2026.