The Keystone Speculator's NYA 40-Week MA Cross Cyclical Stock Market Indicator is at an epic point right now. The NYA moves above the 40-week in July ushering in a cyclical bull market that is ongoing for 3 months. It is now time to test that cyclical bull. NYA price is at 12359 only 53 points above the critical bull-bear line in the sand at 12306. If 12306 fails, the bears will usher in stock market carnage and the bulls will be riding a Highway to Hell.
If the bulls can maintain the 12306 support, staying above, and over the coming days move higher, the bulls are okay from the cyclical market perspective even if some further weakness in equities occurs in the near-term. If 12306 holds, the bulls will be Shiny Happy People.
NYA 12306 is critically important and if it fails, you will feel its wrath. 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.
Note Added Friday Morning, 9/25/20, at 2:44 AM EST: The NYA loses the 40-week MA at 12306 out of the gate yesterday but that was short-lived. The NYA ends the day at 12366 making for happy bulls. Keep watching this critical signal especially if you prefer to trade or hold positions over the intermediate term (weeks and months).
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