NYA NYSE Composite Index Weekly Chart 40-Week MA Cross

The NYA 40-week MA signals whether the stock market is in a cyclical bull market or cyclical bear market pattern (weeks and months). Market bears are celebrating with another rupture of the 10790 level but the two-day rally brings price back up for a back test. This is extremely important. If the NYA moves above the 40-week MA at 10790, stocks are in a confirmed strong rally mode and new all-time record highs are likely in a cyclical bull market. The bears must prevent 10790 and higher to maintain the current cyclical bear market that indicates weeks and months of selling action ahead.

If the NYA moves above 10790, the Keybot the Quant algorithm currently short, will likely flip long. NYA is now printing 10773 inching higher..... 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 10:55 AM:  NYA is printing 10775...... 10777 ... inching higher towards the 10790....

Note Added 6:25 PM: The bears lost the NYA battle with NYA at 10801 above the 10790 level but only by 11 points. Price was oscillating to and fro above and below NYA 10790 the entire day. NYA 10790 provides the market directional answer going forward, for now, the bulls are in control and plan to continue a cyclical bull market going forward. The bears need 11 points if they want to steal the trophy back.