SPX S&P 500 Monthly Chart; Battle at the 12-Month MA at 2743 Separates a Cyclical Bull Market from a Cyclical Bear

Keystone's SPX 12-month MA cross signal determines if the stock market is in a cyclical bull market versus a cyclical bear. The 12-month MA is at 2743 and price is at 2750 so a cyclical bull market is ahead for the weeks and months forward. However, the LOD today is 2742 so that was a cyclical bear market signal albeit for only a few minutes. The battle at 2743 continues to and fro and determines the fate of the stock market for the intermediate term and perhaps longer-term. Bulls win above 2744. Bears win below 2742. Price took a look at 2742 today and may want to take another.

The 10-month MA at 2757 is a key level that old-timer's watch. It is also programmed into many algorithms as is the 12-mth MA. When the 2757 failed, at 9:45 AM, stocks are in trouble. The bulls can only prove that they have recovered if they move above 2757. If they fail to push above 2757, price will slump back down for another test of 2743 and another bounce or die decision. If 2743 fails, it's lights out. The negative slope with the 6-month MA is bearish for the stock market. 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 7:27 AM EST, Friday Morning, 3/8/19: The SPX ran higher intraday yesterday up to the 2757 resistance and popped to 2760 but this was short-lived, and the SPX rolled over to the downside from 1 PM forward. Price then comes down to test the key support at 2743, and fails, but this was short-lived, and the SPX bounces into the closing bell finishing at 2749. The drama continues.

Note Added 5:00 AM EST, Monday Morning, 3/11/19: The SPX remained buoyant on Friday ending the week at ..... wait for it ........ wait a little bit longer for it ......... a bit longer.........2743.07. The 12-month MA is 2742.82. It is a game of pennies. The drama continues. The stock market is in a cyclical (weeks and months ahead) bull market pattern going forward but only by 25 cents. Obviously, the battle continues.