One of Keystone's fave stock market metrics is the SPX 60-minute chart with 200 EMA cross. What did he say? What'd I Say. Baby, shake that thing. During the February/March swoon, the S&P 500 was below the 200 EMA signaling an ongoing short-term bear market with pain and misery. The bottom was placed on 3/31/26.
The SPX gaps above the 200 EMA in early April as if it was not even there. It was off to the races for stocks with a short-term bull market just beginning. The party continues through April and May. Now it is June, and there is a swoon. The SPX receives the neggie d spankdown as previously explained and forecasted to 7384 and price falls through the 200 EMA on the 60-minute at 7389.
The S&P 500 begins next week at 7384 forecasting a short-term bear market ahead but you want to see a couple days of confirmation to make sure. Watch it closely. The bulls have to show up Monday morning with a strong game plan ready to fight back, otherwise, they may fold like your cheap suit.
Bulls win and will stave off the bears for another day if they can send the SPX above 7389 and moving higher.
Bulls are toast going forward if the SPX remains below 7389 trending lower. It is D-Day (6-6-44) so we need The Swing Dolls to sing and celebrate the armed forces. 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.
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