SPX S&P 500 Daily Chart; 150-Day MA Sloping Down Verifying Ongoing Bear Market

The media uses the silly -20% selloff level as the signal for a bear market. It is silly because an index or stock can oscillate in and out of that level for days on end; one day forecasting a further bear market but the next day, or hours later, it is a bull market again, and then back again. It is the Hokey Pokey.

The slope of the 150-day MA is another one of Keystone's key cyclical market indicators. The US stock market is in a cyclical bull pattern if the 150-day MA is sloping higher but when it crests and then slopes negatively it is a bear market. Clearly, the US transformed from a bull market into a bear market in late February and remains there in fact with conditions worsening.

America will not exit the cyclical (weeks and months) bear market until the 150-day MA flattens and begins moving higher again. 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 Saturday, 6/25/22: The 150-day MA continues sloping lower so the bear market remains in play and continues for a few more weeks or months. By definition, the 150 is not going to flatten and begin sloping higher until price moves above. Thus, price has to either explode higher to 4400, or, over time the 150-day MA will continue to leak lower and lower and at some point it will be easier for price to move up through the moving average and start to curl it higher. The latter is the more likely outcome so the stock market choppiness will likely continue.