One of Keystone's secular calls involves watching the NYA 40 week MA cross. This morning around 10 AM EST, NYA price fell thru the 40 week MA which indicates that a secular bear market is back. These failures occurred during June, only to recover, so watch this closely moving forward. Price under the 40 week MA should be viewed as very bearish for the overall markets.
If the indexes recover this week, watch to see if NYA price recovers above the 40 week MA, if so, the bulls will be making a come back. If NYA price stays under the 40 week MA, the broad market bears are gaining secular long-term momentum for extended downside.
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