SPX S&P 500 Daily Chart 150-Day MA Slope Explains Battle Between Cyclical Bear and Bull

The 150-day MA slope for any index or stock is an excellent cyclical (weeks and months) market signal. When the slope is positive, the wine is flowing like water and stocks float higher. When the slope of the 150 flattens and turns negative the stock market falls into a cyclical bear market like in August of last year. Watch the 150-day MA closely now at 1992.28. If the 150-day MA curls upwards a new cyclical bull market pattern begins. Right now the 150 is dead flat deciding which way to break. Next week is critical.

If the 150-day MA resumes the downward slope then the cyclical bear market remains in play. With price well above 1992, the 150-day MA will curl higher. Market bears will need to spank markets down immediately and move price under 1992 to prevent the slope of the 150 turning positive. If you are an intermediate term trader, watch this signal like a hawk. The INDU (Dow), COMPQ (Nasdaq) and RUT (Russell 2000) continue to display negative-sloping 150's so the S&P 500 is leading the parade. The battle continues. 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.