SPX Daily Chart with 150 Day MA for Secular Forecasting

A useful tool is watching the 150 day MA.  The slope of the 150 day MA is the key, not so much the actual value. Now at 1203.99, so as the days chug along, watch to see if each day posts another higher high such as 1204.00, 1204.11, 1204.15, etc.... If so, then the broad market bulls are in full control.

If, however, the 150 day MA slope starts to flatten and roll over into a projected secular bear ahead, watch out. This scenario would manifest itself with prints over the next few days of 1203.99, 1203.96, 1203.93, etc.., you get the idea. If the slope flattens and turns negative, the broad markets will sustain firm selling pressure. If the slope continues up like the last three months, then the bulls will continue the rally.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.