The 8 MA was teasing at falling under the 34 MA on Friday but the late afternoon upside orgy delayed the decision until today. The 8 MA is currently above the 34 MA on the 30-minute chart signaling bullishness for the hours and days ahead. Key S/R levels are highlighted at 1419, 1413, 1409, 1403, 1399, 1391 and 1375. Note the sideways movement the last couple days. Bulls will win above 1419, bears win below 1413. After the opening bell, watch to see if the 8 MA stays above the 34 MA to make the bulls happy and bears sad, or, if the 8 MA stabs down thru the 34 MA to signal bearish happiness ahead. 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.
Note Added 12/4/12 at 4:03 AM: The 8 MA stabbed down thru the 34 MA at 3:30 PM yesterday, 12/3/12, signaling bearish markets for the hours and days ahead.
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