The stock market bears got absolutely nothing until the 8 MA stabs down through the 34 MA on the SPX 30-minute; this signals the beginning of downside fun. The 8 MA remains above the 34 MA indicating an ongoing short-term bull market. The SPX minute, hourly and daily charts are in negative divergence the last couple days and even with the huge gap-up move today, remain neggie d. The uber low put/call ratios signal a significant market top at hand. Ditto SPXA150R and SPXA200R. The yen is at a critical decision point.
AI
