One of Keystone's important cyclical (weeks and months) indicators is the NYA 40-week MA cross. As the Apollo 13 astronauts said decades ago, "Houston, we have a problem." Very simply, the US stock market is in a cyclical bull market pattern if the NYA is above the 40-week and in a cyclical bear pattern if the NYA is below the 40. The NYA drops into a cyclical bear market on Tuesday, 5/28/19.
Of course, since the NYA is at 12466, only 7 bucks below the key 40-week MA at 12473, the battle will continue for several days and even a couple weeks or so and the bulls may regain the high ground. As long as the NYA is under 12473, the stock market is toast going forward. The bulls will throw confetti and sing songs of joy if they regain 12473 but all hope for market upside is lost if the NYA remains below 12473. 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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