SPX S&P 500 Daily Chart; 150-Day MA Negative Slope Signals Cyclical Bear Market

The Keystone Speculator's SPX 150-Day MA Slope Cyclical Market Indicator continues to signal that the stock market is in a cyclical bear market pattern. The 150-day MA at 2744 continues sloping negatively. The bulls cannot cheer until the 150 curls higher and slopes upwards which would signal a return to the cyclical bull market. Price is above the 150 so, by definition, the 150 will want to start sloping higher each day that the S&P 500 remains above. Stock market bears need to slap the SPX below the 150-day MA at 2744 as soon as possible to keep the 150 sloping lower.

Four of Keystone's cyclical market indicators are mixed. The SPX 150-day MA is sloping negatively signaling a cyclical bear market. The SPX is above the 12-month MA signaling a cyclical bull market. The NYA is above the 40-week MA signaling a cyclical bull market. The UPS 20-week MA is below the 50-week MA signaling a cyclical bear market. All four of these indicators will line out in the same direction and that will tell you the path ahead for the stock market in the intermediate and longer term. 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.