NYA NYSE Composite Weekly Chart; Battle at 40-Week MA at 15060 Dictates Cyclical Bull or Bear Market Going Forward

The NYA 40-week MA cross is a key cyclical market signal. In November the bull was on. This morning, the bears are stabbing at the critical 40-wk MA at 15060 and drawing blood. As this is typed price is trying to recover back above 15060.

This is all that matters today and going forward. Stock market bulls will be slaughtered if the NYA does not recover back above 15060 heading higher.

Bears will win big if the NYA remains below 15060; there will be nothing but carnage ahead. Sunday, Bloody Sunday. The drama will likely spill into next week when the inflation data drops. 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 10:13 AM EST: The NYA pops to 15094, then dies back below 15060, now back above at 15080. The drama will continue. Whoopisies daisies, back below 15060.

Note Added 11:12 AM EST: The NYA pops to 15091 so the bulls are puffing their chests out again.

Note Added 11:44 AM EST: The NYA jumps to 15131 so the bulls are throwing confetti. Nothing to see here, move along, move along, nothing to see here. Bears know that this battle at 15060 is not done and will likely be revisited in the days ahead if not today again. 

Note Added 11:58 AM EST: The NYA dies, back below 15060, bears cheer.

Note Added 12:27 PM EST: NYA 14995.

Note Added 1:21 PM EST: NYA 14919.

Note Added 1:27 PM EST: NYA 14880.

Note Added 1:41 PM EST: NYA 14866.

Note Added 1:48 PM EST: NYA 14855. I've fallen and I can't get up..

Note Added Monday Morning, 3/13/23, at 5:11 AM EST: The NYA died on Friday to 14894, below 15060, watch 15060 today and it will tell you the story on the stock market.