SPX Monthly Chart Shows Five-Month Secular Bear Market in Place

The SPX monthly chart shows price remaining under the 12-month MA at 1281. Price collapsed thru the 12-month MA during the August waterfall crash five months ago.  This is one of Keystone's Secular Signals, price versus the 12-month MA, thus, the equities markets dropped into a Secular Bear Market and remain there for five months now.  Note how price stabbed through the upside in October but closed the month below.  Recent action shows that price had its sights on 1281 but fell short again.

SPX 1281 is a magic number where Keystone would convert from long-term bearish to long-term bullish. But, for now, markets continue to favor the bears moving forward on a longer term basis and a negative market bias is expected as weeks and months tick by.  The 10-month MA, now at 1276, must be watched closely. The 10 MA crossing under the 12 MA (blue circle) is another bearish development for the longer term. As long as the SPX, now at 1258, remains under the 12-month MA, now at 1281, the market bulls got nothing. SPX 1281 is a game changer, if attained. This information is for educational and entertainment purposes only.  Do not invest bzasedon anything you read here.  Consult your financial advisor before making any investment decision.