NYA NYSE Composite Weekly Chart; Testing the Critical 40-Wk MA that Determines a Cyclical Bull Versus Cyclical Bear Market

The crash yesterday takes the NYA price down to 12270 closing at the lows. One of Keystone's key cyclical market indicators is the NYA 40-wk cross. A cyclical bull market occurs above the 40-week while a cyclical bear market occurs under the 40-week MA. This signal is critical for intermediate and long-term investing.

The 40-week MA is at 12242 acting as support 28 points below the 12270 closing price. The stock market will fall apart if NYA 12242 is lost. Bulls will stage a relief rally if they keep the NYA above 12242. 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.