SPX S&P 500 Monthly Chart; 10 and 12-Mth MA Gauntlet at 2752 Separates Cyclical Bear Market from Cyclical Bull; US Mid-Term Election Day

The SPX 12-month MA cross is a key cyclical market indicator and the battle continues. The stock market will remain in a long-term cyclical bear market if it remains below SPX 2751 while a cyclical bull market will kick back into gear above SPX 2752. The 12-month MA is at 2751 and the 10-month is at 2752. Price is at 2749. Markets are parked directly at the most critical pivot point at SPX 2751-2752 as the US Election Day occurs.

This pivot from SPX 2752 is for all the marbles. The HOD is 2752 so the bulls tried to pierce the key resistance level but price slumps back below. The stock market bulls win big for the weeks and months ahead above 2752 while the bears will confirm more downside carnage and mayhem ahead below 2751

The election results will begin coming in at 8 PM and 9 PM EST this evening, Tuesday, 11/6/18. Most of the election day results should be known around 10 PM EST (3 AM Wednesday morning London; 4 AM Central Europe; 12 noon Tokyo). 

Interestingly, the new moon peaks for the month at 11 AM EST tomorrow morning, the darkest time of the month. Stocks are usually bearish moving through the new moon. Military forces with superior night vision technology carry out covert raids under the cover of the new moon. 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 12 Noon: The SPX is at 2747 and the nervous dance continues on the 2747-2752 quivering tightrope.

Note Added Wednesday, 11/7/18, After US Eklection: The SPX ends Tuesday at 2755 above the key 2752-2753 line in the sand opening the door to big gains ahead. After the Wednesday opening bell, the SPX catapults higher to 2786. The bulls are running. The new moon is peaking at 11 AM EST.