SPX S&P 500 60-Minute Chart with 200 EMA Cross: Stock Market Slips into a Short-Term Bear Market Pattern

Whooposies daisies. There is a lot of whoopsie daisying going on these days. One of Keystone's key cyclical, or short-term is a better word, indicators is the SPX 1-hour chart with 200 EMA cross. What'd he say? That sounds like Greek. The short-term bear market fell apart in late June as the Trump happy Iran War talk and the ongoing AI orgy sent stocks higher.

There were a couple tests of the ST bull in July. You can see how price bounced off the 200 EMA support. Do you think it is an important number? Obviously, the 200 EMA on the 60-minute at 7475 carries clout and it failed last week opening the door to a ST bear market. It would be reasonable to expect a back test of the 200 early next week. Give it a day or two to see if the new short-term bear market pattern is cast in concrete, or not. If so, the next step would be watching to see if it develops into a cyclical bear market for many weeks and months ahead.

A really important person passed away in recent days. It is a shame hearing about the death of that individual that was a great international spokesperson for a better world. The news of that person passing is sad and will impact countries and people all over the world. Talk about a great legacy. That person will be missed by an international audience. Yes, by now, you know who we are talking about. Yes, that is right. Bonnie Tyler. Huh? Oh, some of you thought it was that Graham character. No, he was just another corrupt politician. However, it is sad news that Bonnie died. She was a fantastic singer with a raspy voice.

Bonnie sang a bunch of hits but It's a Heartache will always be her signature song. There was something about her raspy voice and heartache that went together. As her singing career was taking off in the late 1970's, she had trouble with her vocal chords. It only got worse. They were permanently damaged and her voice would forever be scratchy and raspy. She was sad thinking that her music career was over as fast as it was starting but they decided to record songs anyways. It's A Heartache was an immediate international hit. In quick order, Bonnie Tyler was famous and an international singing sensation. If you turned on the radio in the late 1970's and early 1980's you would hear this song within 10 minutes. The song also matched the times since the 70's were difficult with high inflation and the Iranian hostage crisis. There was not a lot going right at the time. Her voice was great all the way up until she died. R.I.P. Bonnie. Your voice will live on forever; a great legacy. 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.