NYA NYSE Composite Weekly Chart; Battle for Cyclical Stock Market Control at the 40-Week MA at 16674

You watched the bulls wrestle back cyclical market control on Friday taking back the SPX 12-month MA at 4433 a big win for bulls. However, two key long-term metrics work hand in hand; the SPX 12-mth MA cross and the NYA 40-wk MA cross.

The NYA falls into a cyclical bear market this year. The 40-week MA is at 16674. Price begins at 16613 only 61 points from bull victory. The NYA and SPX must be in agreement to lock-in the long-term path forward.

Right now, the SPX 12-mth MA is forecasting a cyclical bull market ahead (above 4433) but the NYA still forecasts a cyclical bear (below 16674). This week the decision is cast in stone one way or the other.

Either the SPX loses 4433 and the NYA begins dropping like a rock maintaining the cyclical bear market going forward for weeks, months and perhaps years, or, the NYA will regain 16674 this week joining the SPX that rises, guaranteeing a cyclical bull market ahead. Which side will win? 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 Tuesday Morning, 3/22/22, at 5:00 AM EST: The NYA leaps to 16695 in the Monday trade but if you blinked a few minutes after the opening bell, you missed it. The NYA ends the session at 16607 with the 40-wk MA  bull/bear line in the sand at 16685. The bears maintain the cyclical bear market going forward unless the bulls can find 78 points. The SPX fell through the 12-mth MA at 4433 but recovered and ends the day at 4461. The battle for cyclical market control at the SPX 12-mth MA at 4433 and the NYA 40-wk MA at 16685 continues. One of them will flinch and that will tell you the longer term cyclical direction of the US stock market ahead.

Note Added Tuesday Evening, 3/22/22, at 6:15 PM EST: The bears fold like a cheap suit. The NYA catapults higher to 16735 ushering in a cyclical bull market in agreement with the SPX that jumps over 4500. The bulls are celebrating like its 1999. Bears have a chance to reverse things but must do it within a couple days.