Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. VIEW IN GOOGLE CHROME BROWSER. DISABLE YOUR ADBLOCK SOFTWARE.
Friday, April 24, 2015
NYA NYSE Composite Weekly Chart New All-Time Record Highs
The NYA prints a new all-time record high at 11221.14and new all-time closing high at 11191.48. The NYA 40-week MA is a key cyclical market signal now at 10851. Price is clearly above maintaining the cyclical bull market ongoing for years. The market bears had been making headway to the downside over the last few months but the global central banker collusion is far too powerful.The ECB is currently goosing the markets with easy moneycreating the move higher with the NYA not looking back after moving above the 40-week MA. A sustainable long-term cyclical bear market (weeks and months) will begin when the NYA drops below the 40-week MA. 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.