The battle between bulls and bears for cyclical stock market control continues this year and we are in April already. The NYA 40-wk MA cross and SPX 12-mth MA cross (the cliff-edge) are the 2 indicators that dictate whether the US stock market is in a cyclical bull market or cyclical bear.
The NYA fails to 16675 below the 40-wk MA at 16690 ushering in the cyclical bear market but the battle has already changed hands several times this year. One side or the other will win going forward.
The SPX is at 4511 above the 12-mth MA at 4466 (the cliff-edge) maintaining a cyclical bull market but the battle has changed hands several times this year.
The true cyclical (weeks and months ) direction of the US stock market is known when both indicators agree. Thus, one of them has to flinch and that is the answer. 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 7:44 PM EST: The NYA ends the week at 16788 back in cyclical bull territory so the bulls win the day. The battle will likely continue next week.
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