Keystone's SPX 12 Month MA Cross Failure Secular Bear Ahead

We have been watching Keystone's four major secular turn signals for the last couple months.  See the Secular Turn page on this site. The NYA 40 week MA cross has failed and already indicates that the broad markets are in a secular bear market for the weeks and months ahead.

Today, the SPX 12 month MA failed.  Just as the NYA moved above and below the 40 week signal line, the SPX will probably do the same with the 12 month MA signal line.  Nevertheless, this represents more documented evidence of equity markets sliding deeper into trouble.

Last print for the SPX is 1272.50 at lunch time.  The 12 month MA is 1274.67. Be aware that moving averages are constantly changing since they are calculated from price movement so you have to monitor the exact numbers in real time.  Thus, the SPX has failed the 12 month MA by about two points currently announcing, for the first time since August 2010, that the broad markets have fallen into a secular bear market.

This places two of Keystone's four secular signals now in a secular bear.  Watch the SPX 150 day MA slope since it may be pennies from flipping to the secular bear side as well.

As stated above, the SPX may dance above and below the 12 month MA for a few days or during the month of August, but, make no mistake, today is a game changer, the SPX has peirced the 12 month MA which has not occurred in one years time. The secular market bear is awakening and beginning to growl strongly.

Last print SPX = 1271.81
SPX 12 month MA = 1274.63; secular bear