SPX 150 Day MA Slope Secular Bear Market Ahead

After today's bloodbath, three of Keystone's four secular market calls have now turned into forecasting secular bear markets for the weeks and months ahead.  The NYA 40 week MA cross was the first to give way days earlier, then the SPX 12 Month MA Cross gave way today, and now, after today's closing print, the SPX 150 day MA slope has flattened and turned negative indicating secular bear markets ahead.  You have to go back to Thanksgiving, the end of November 2010, nine months ago, to find the last time that the slope of the 150 day MA was negative. Thus, this indicator has shown the broad markets to be in a secular bull since 12/2/10.  This changed today.

A few days need to play out to coinfirm the move to a negative slope for the 150 day MA. Serious technical damage has been done to the markets over the last couple days. More info on the Secular Turn page on this site.

To keep track of things yourself, each day after the close write down the SPX 150 day MA number. As long as it is going up (the slope of the 150 day MA is moving up on a chart), then the bulls are in the markets.  If the 150 day MA is losing ground, sloping negative, which just occurred today, then the broad markets are into a secular bear market and the secular bull market has ended. So you can follow along, the last five days starting five days ago is 1310.20, 1310.48, 1310.71, 1310.90, 1310.88.  Note how each day the 150 day MA inches up by pennies, day after day, ever since last December, but today, as shown in bold, the 150 day MA printed a number 2 pennies lower as compared to Monday's close.  The long nine month secular bull trend is over. Keep following this for several days to see if the slope remains negative, if so, that will ensure lower broad markets as time moves forward.