SPX S&P 500 Daily and Monthly and NYA NYSE Composite Weekly Charts Continue Signaling Cyclical Bear Market

Three of Keystone's key cyclical market indicators remains bearish and in baseball lingo, '3 strikes and yer out'. The bulls are staging a big comeback but are stalling at the key bull/bear cyclical lines in the sand.

The SPX 12-month MA cross is perhaps the single most important chart in the stock market; it is the one you would want if stranded on a deserted island to know what the markets were doing. The SPX 12-month is at 4340, call it 4340-4344 since the moving average will breathe higher if price is rising. The SPX is at 4228 identifying the ongoing cyclical bear market. Note that the high last week was 4325 a stone's throw away from the goal. Usually when price is that close, it will want to make a touch. Nevertheless, it is Strike One.

The SPX 150-day MA slope is another key cyclical market metric. Slope matters and the 150-day MA is at 4201 continuing the downward path so the stock market is in a cyclical bear market. Bulls cannot be happy unless the 150 flattens and then begins rising to signal a cyclical bull. Strike Two.

The NYA 40-week MA cross is another key metric for calling cyclical balls and strikes, to keep the baseball metaphors going, and the NYA 40-wk MA is at 16003, call it 16003-16007, with price at 15588, signaling a cyclical bear market in progress. Note, however, like the SPX, the NYA came up to 15.9K last week only about a hundo points from the 40. Strike Three. Yer Out.

You can be the umpire going forward. The bulls will prove that the rally has legs if the SPX 12-month and NYA 40-week MA's are taken out; lots more upside would occur. If the three cyclical bear market metrics continue, the US stock market will deteriorate over time. Cyclical means months and a year or few so the stock market is at perhaps a key historical inflection point over the next month. It's fun. 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.