Thursday, August 27, 2015
COMPQ Nasdaq Composite Daily Chart 150-Day MA Slope Flattening
Keystone has highlighted the 150-day MA slope several times over the last few months as the top for the markets was being sorted out. The red circles show the teases where this critical moving average was about to flatten and roll over to the downside but each time was stick-saved. Here we are again and the jury is out. If you are bearish the market, you want the slope of the 150-day MA to rollover to the downside and signal a cyclical bear market ahead. If you are bullish, you want a quick rally that will push the 150-day MA higher and maintain the ongoing cyclical bull market. The question is if the bulls can stage a huge rally strong enough to turn the 150-day MA upward again, or not. Keep an eye on it. The SPX, INDU and RUT are all in a cyclical bear market with their respective 150-day MA's currently sloping negatively. 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.