One of Keystone's key market Turn Signals (reference the Turn Signal page on this site) turned bearish today which is a major development that is very bear friendly and unfriendly to any long positions. When the SPX falls thru the 200 EMA on the 60-minute chart the market has big problems. The last time this occurred was after the early summer selloff. Draghi had to step in and promise a huge bazooka to save the markets on 7/26/12 since certain failure was ahead. Will a white knight on a white horse step in to save the day now (such as Spain finally formally requesting a bailout)? Perhaps the Lone Ranger will appear on Silver, his trusty steed, to save the day, but, considering that he also wears a mask, he is simply another trader that will be fleecing your pockets as the markets continue rolling over.Note the teases that occurred in August and September which provides the chart some serious street cred. S&P just downgraded Spain; perhaps Moody's will follow along and also downgrade that floating ship wreck before tomorrow's open. The rupture at the 200 EMA is a big deal. Look for a back test to occur in the hours or days ahead. The 200 EMA is at 1440.43. The markets are in serious trouble right now and this is interesting since most traders are treating the bearish action with a laissez-faire attitude. Pay attention to this chart in the days ahead. If price stays under the 200 EMA over the next few days, the broad indexes will be printing far lower numbers moving forward. 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.