NYA NYSE Composite Index Weekly Chart 40-Week MA Cross Signals Cyclical Bear Market

Keystone has posted this chart many times as it is a key cyclical market signal. Stocks will trade higher for weeks, months and perhaps a year or two or more if NYA price is above the 40-week MA. Conversely, stocks will sell off for weeks and months and perhaps longer if price is under the 40-week MA. Type 'NYA' in the search box to bring up prior discussions on this chart for further study. Keystone documented how the central bankers stepped in at each failure on the chart to save the day. Will the central bankers be able to save the day again?

The NYA fell under the 40-week MA two days ago signaling a cyclical bear market ahead so monitor this chart closely going forward. If the NYA remains under the 40, the stock market is headed for a serious pull back. Market bulls can celebrate by drinking more Fed wine and watching stocks rally if the NYA moves back above the 40-week MA. Note the ominous rising wedge 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.