The NYA fell under the 40 week MA to indicate that we have fallen into a secular bear market. Reference Keystone's Secular Signal page for more information. Watch the slope of the 150 MA for the SPX to see if it flattens and moves down, which would be the first additional secular bear confirmation.
The SPX 12 month MA is 1236 now, that is the line in the sand for the SPX. A drop below this further verifies that we have moved into a secular bear. There is a lot on the line in the coming days.
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