The NYA, NYSE Composite, 40-week MA cross will tell you the fate of the stock market for the remainder of the year. The 40-week MA is at 12623. NYA price is at 12287 only 336 points below the bull-bear line in the sand. This would be a +2.7% rally to push the NYA up into the bull Promised Land.
If the NYA moves above 12623, it will be off to the races for stocks. The US stock market will remain elevated through the end of the year.
If the NYA struggles to move above 12623, and stalls, and begins dropping, it is lights out for the US stock market and a potential crash will be on the table. Stocks will trend lower through the end of the year. 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.
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