SPX S&P 500 Monthly Chart; Price Testing Important 10-Mth MA at 4045 and 12-Mth MA at 4144

Here are a couple of good metrics for you to follow; the SPX 10-mth MA at 4045 and 12-mth MA at 4144. These are key stock market metrics that are programmed into many algorithms.

The 12-month MA is Keystone's number one cyclical market indicator along with the SPX 150-day MA slope and the NYA 40-wk MA cross. In the chart above, price is at 3950 and the 12-mth MA is at 4144 so the US stock market remains mired in a cyclical bear market. It would be a humungous deal if the SPX regains 4144, call it 4144-4148 because the moving average will float higher as price rises, because the stock market would be back into a cyclical bull market pattern with lots more upside expected above 4150.

The 10-month MA at 4045 is also very important but not to the young whipper-snapper's instead only to the grizzled gray-haired veteran traders. The old-timers watch the 10-mth MA so that is why you should watch it. The SPX will probably come up for a back test. Note how the SPX already came up to 4029 (upper shadow of the candlestick) only a stone's throw from the critical 4045. This was a first stab and when there is a first try, there usually comes a second try at the 4045 resistance.

If the SPX pokes above the 10-mth MA at 4045 and remains above trending higher, a test of the 12-month MA at 4144 should be considered to be on the table and likely in the coming days or week or two after the 4045 would be attained. Now you know how these play off each other and how to gauge the progress of the stock market.

Of course, if price runs out of gas here and cannot mount another charge at 4045, it's over. The utes should be checked to make sure UTIL has not gained 974, and if so, the US stock market will likely be going into a major crash event.

The US stock market is on track for very bad things to happen. They will happen unless UTIL regains 974 and  SPX regains 4045. It does  not get any easier to follow than that. Choose your poison. The poison in the well, as smooth Willy sings, and I drank it. 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 Wednesday Morning, 11/23/22, at 8:35 AM EST: SPX runs higher to 4006 closing at the 4004 palindrome. The 10-mth MA is 4050. The 200-day MA is 4062. The 50-wk MA is 4145. The 12-mth MA is 4150. UTIL ran to 960 yesterday and closed at 953. The 50-wk MA is 974. The 200-day MA is 977. The dance continues.

Note Added Friday Morning, 11/25/22, at 9:03 AM EST: The SPX finishes at 4027 on Wednesday with a HOD at 4034 only 18 points from the 10-mth MA at 4052. The 200-day MA is 4060. Today is a shortened session with trading until 1 PM EST. Will the SPX give 4052 a love tap today? UTIL is at 966 only 8 points away from the 50-wk MA at 974.

Note Added Thursday Morning, 12/1/22, at 9:33 AM EST: SPX 4093.