Keystone's SPX 1-Hour Chart with 200 EMA Cross

The SPX fell through the 200 EMA at 1500 today, a very bearish signal. The 60-minute chart on the weekend highlights this in more detail. Price came up to test the 1524 resistance and died.  The closing print is at the lower rail of the blue channel. Note the positive divergence in place for all indicators pointing to a bounce back up coming.  The small red lines show some downside momo may be in place for a couple or few candles so tomorrow may see a flat start and then perhaps a recovery, timed with Chairman Bernanke's talk.  He will be speaking and pumping the QE easy money so markets may become buoyant off his happy talk. It would be interesting if markets do not rally off of Bernanke tomorrow.  The 200 EMA is very important so a back kiss would be prudent. If the SPX comes up to back test the 1500, and then collapses, markets will have big trouble ahead.  As long as the SPX stays under the 200 EMA, the bears rule the markets. Important S/R is 1524, 1520, 1518, 1516, 1505, 1500 (200 EMA), 1498, 1495, 1485, 1481 and 1476. The 50-day MA is 1476.72. 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.

Tweet

Terimakasih anda telah membaca artikel tentang Keystone's SPX 1-Hour Chart with 200 EMA Cross. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://btcbankes.blogspot.com/2013/02/keystone-spx-1-hour-chart-with-200-ema.html. Terimakasih atas perhatiannya.