Friday, November 2, 2018

SPX S&P 500 Monthly Chart; Battle at the 12-Month MA for Cyclical Market Control

The SPX 12-month MA cross is a key cyclical market indicator. The 12-month MA is at 2752 and price is at 2752. Of course the bulls have dominated the stock market since the March 2009 bottom due to the central banker money-printing.

This pivot from SPX 2752 is for all the marbles. The stock market bulls win big for the weeks and months ahead above 2752 while the bears will confirm more downside carnage ahead below 2752.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 9:49 AM EST: The SPX is up 14 points, +0.5%, to 2754. The bulls are dancing with glee. The bears are plotting another push lower. The dance continues.

Note Added 9:53 AM EST: Whoopsies daisies. The SPX prints 2750. The bears dance with glee. The bulls are plotting another push higher. The dance continues.

Note Added Sunday, 11/4/18: The bears win on Friday with the SPX ending last week at 2723. Each day that the SPX remains below the 12-month MA at 2749-2752, is another nail in the bull's coffin.

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