Saturday, March 19, 2016

SPX S&P 500 Monthly Chart 12-Month MA Cross Cyclical Bull Market

The key SPX 12-month MA at 2031 created drama last week and the bulls win sending price above and stocks into a cyclical bull market pattern. The bears need to push the SPX under 2031 as fast as possible, otherwise, the bulls will slap the bears around in the intermediate term. The 10-month MA at 2018 is another important level. If stocks tumble lower in the coming days due to the complacency on the CPC and CPCE put/call ratio charts, price will likely drop down to the 10-month MA support in a flash.

The current March candlestick will keep on fluctuating and the final print does not occur for this candlestick until 3/31/16 eight trading days away. Thus, bears will try to push SPX under 2031 to regain control and send stocks lower while the bulls are happy above 2031 since stocks will keep floating higher. The SPX moves aobve the starting year number of 2044 and is now positive in 2016. The Dow Industrials, INDU, are also positive on the year. 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.

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