Keystone's NYA Weekly Chart with 40-Week MA Indicator

The NYA weekly chart has the same vibe as the Tranny chart.  The upper trend line was mentioned in a message and chart in the Comments section of the Midday Action today so this chart highlights the trend line/s. Note how price is directly up against the trend line, with the other trend line perhaps leaving the door open to 8190.  Thus, watch the price behavior closely moving forward which will either punch up and thru signaling the all-clear for bulls, or receive a spankdown from the trend line resistance verifying that the rally is rolling over.

The NYA 40-week MA cross is a key cyclical signal you can follow as long as you trade. It is programmed into Keybot the Quant's algorithm.  If the NYA is above the 40-week MA, that signals bullish markets, if below, that signals bearish markets.  Lots of drama has occurred since the May selloff, with the bears winning, then bulls, then bears, and now bulls. 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