Saturday, March 19, 2016
NYA NYSE Composite 40-Week MA Cross Cyclical Bull Market
The market bulls claim a major victory on Friday moving the NYA above the important 40-week MA at 10202-10203 ushering in a cyclical bull market (for weeks and months ahead). The NYA 10202 level is critical on Monday morning and will dictate broad stock market direction. Bulls need to keep NYA above 10202 and the stock market will move far higher. Bears need to push NYA under 10202 and a new round of market selling will begin. 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.