NYA NYSE Composite Index Weekly Chart Price Crosses Above 40-Week MA Signaling Cyclical Bull Market

The bulls hand the bears a fatal blow today with the NYA moving above the 40-week MA at 10646-10648; a key Keystone market signal that predicts a cyclical bull market for the weeks and months ahead. Up to today, bears were fine for the intermediate and long term despite the two-week rally. A cyclical bear market was in place after the failure of the 40-week MA three weeks ago. Today that changed; the bulls have recovered. If the NYA stays above the 40-week MA, the bulls will rule the markets for the weeks and months ahead.

The market bears must come to play tomorrow and the following days to reverse the cross back to the negative side sending NYA under the 40-week MA or they got nothing. This signal is very important, one of the most important market signals available since it tells you the market direction for the weeks and months ahead. Bears better eat their Wheaties for tomorrow or they are in big trouble. The NYA has not traded under the 40-week MA since mid 2012 the last time the market was in trouble.

The stage is set. Bears must send NYA under 10646-10648 tomorrow or in the coming days or they will fold like a cheap suit and bulls will take stocks higher for the weeks ahead. Price begins at 10678 so bulls are happy at 30 points above while the bears need 30 points lower to reclaim the cyclical bear market pattern. 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.

Note Added 9 PM on Wednesday, 10/29/14: You cannot make this stuff. The NYA ends the day at 10646.66. The NYA 40-week MA is 10647.42. So the bears retake the cyclical bear market signal moving forward for the weeks and months ahead albeit by 76 cents. This battle will probably continue for several days.