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

A great near-term and short-term stock market signal is the SPX 60-minute chart with 200 EMA cross. Say what? What language you speakin'? Stocks are in a short-term bull market if the SPX is above the 200 EMA on the 60-minute at 6883. Stocks are in a short-term bear market if the SPX is below the 200 EMA on the 60-minute at 6883, like now. The battle continues.

The SPX was above the 200 at the end of last year as everyone enjoyed some figgy pudding. The start of the year teased failure at the 200 but more AI hype and talk of rate cuts sends the front half of the month to the moon. The trouble started yesterday, Tuesday, with the big drop in equities shown by the red circle.

Price comes back up for the back kiss of the 50-day MA at 6830 today and bounced, taking out the 200 EMA at 6883 and running above 69 hundo. Alas, at the end of the day, the S&P 500 falls on its sword and drops lower to 6876 to end below the important 200 EMA at 6883 albeit by 7 measly points. Nonetheless, the bears have their hands on the market steering wheel.

Tomorrow and Friday are big days. Watch SPX 6883 since it is going to tell you who wins going forward. Bulls need 7 points to paint a bright picture ahead and S&P futures are up +19 on Wednesday evening.

President Trump is in rare form this week. Stocks rallied today after King Donnie folded like a cheap suit at Davos. He was worried about the stock and bond markets just like when he previously folded due to turmoil from his tariff rhetoric. TACO=Trump Always Chickens Out. The Europeans show that they do have a tiny backbone after all. Europe pulls the prior tariff deal now that Donnie has changed the goalposts adding new Greenland tariffs creating a larger mess. Canada's Carney puffs-out his thin chest, standing-up to King Trump, although he is not much taller than the podium, suggesting that Donnie's actions are rupturing ties with allies. The orange head went to Europe to film the latest episode of Donnie Does Davos but Davos did him.

Trumpski backpedaled at Davos from the Greenland threats and unhinged remarks over the last few weeks. He says he will not use force. Then he says he will not impose tariffs on European nations over the matter. He caved. Trump says he has a framework of a deal over Greenland but he talked to NATO and not Denmark. An hour later he said he had the concept of a framework of a deal. It is pure jackass stuff.

The orange head gets Iceland and Greenland mixed-up during his comments like any 80-year old would; he is probably going down the Biden dementia path. The Whitehouse press secretary chick Leavitt, that always yells when she talks, berates anyone asking about the mix-up denying it happened and changing the subject. Thanks for the transparency. When Donnie was pressed about the so-called Greenland deal by a reporter, he said it was too complicated to explain. Pause for laughter. That is what you tell people when you are bull-sh*tting them. Are you going to own Greenland; yes or no? Donnie has no answer except to say it will be an "infinte" deal. Huh? Quick, get this man some ginkgo biloba and Geritol.

Do you little orange sycophants suck this stuff up and believe the dribble? Right on cue, the Donnie kiss-*sses run to microphones proclaiming that he is playing 3-dimensional chess and the Greenland deal, what deal?, is brilliant. It is laughable. There is no deal yet. Trumpski could have taken care of the Greenland matter behind closed doors with zero need for drama. He is a baby man-child and was the King Crybaby after the 2020 election loss.

Hollywood Donnie raised cane about Greenland the last few days so he could have more drama and filler for his daily reality television show. That was the reason. It is daily theater and stage craft with Donnie feeding his narcissistic ego seeking attention and adoration; it is his daily fuel. The crazy Greenland rhetoric was a step too far trying to screw and shaft allies like they are pieces of dirt. Not a good move or look. Trump proves himself untrustworthy among allies.

However, the antics guaranteed that the cameras would be on him each day before, into, and through Davos, and that is what really mattered to Donnie. Everyday is a new episode of the presidential reality television show. Tomorrow he plans to sing the 'Donnie Man Can' a remake of the Candy Man. Take it away Sammy. Who can make a sunrise? Cover it with chocolate? The Donnie Man Can. Sammy was a helluva talent and performer. And he did all that with one eye. 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.