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

Here is another one of Keystone's cyclical market indicators; the 40-week MA cross on the NYA. Above the 40-week is a cyclical bull market while below the 40-week is a cyclical bear. The NYA failed below the 40 on 10/10/18 ushering in a cyclical bear market. Keystone highlighted this at the time; already 17 days ago.

Note the battle this year. Each time the 40-week failed, the bulls would muster up the strength and hoist price back above the 40 within a few days or week or so. Not this time. Price stabbed down through the 40 and never looked back. There will probably be a back kiss of the 40-week MA needed going forward. That will truly determine if the bears will sustain the cyclical bear market pattern for the months and years ahead, or not. Stock market bulls need the NYA above 12749 or they got nothing. 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.