NYA NYSE Composite Weekly Chart; Battle for Cyclical Market Control at 40-Week MA at 15162

The NYA is back. The previous charts highlight this extremely important metric; the NYA 40-wk MA cross, now at 15164, call it 15160-15164 (since the moving average will nudge lower if/when price drops lower), since it dictates the fate of the stock market going forward.

Yesterday, price drops to 15176, so close to 15162 it could taste it, so price will likely want to make a touch so a critical bounce or die decision can be made.

The NYA begins at 15263 forecasting a cyclical bull market ahead but this transition zone has been in play since the end of last year. It is time to sh*t or get off the pot. Bulls and bears must make a decision on who will be in control going forward.

Bulls win big going through the remainder of the year if the NYA tests 15162 and bounces. Bears win big if the NYA falls through 15162 since carnage will quickly follow. Stocks have been in a holding pattern as the debt ceiling crisis plays out.

You can go cut the grass and trim the hedges. Simply check NYA price and you will know what the US stock market will do in the near-term as well as going forward through 2023. 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, 5/13/23: NYA comes down for another look at the critical 15162 (15160-15164) with a LOD on Friday at 15167. That is super close only a few bucks away. Bulls would have been better off with a touch of the 40-wk MA before recovering into the closing bell. Now the touch remains on the table so price likely still has a date with 15162 in the days ahead to make the critical bounce or die decision and dictate the stock market's future. NYA begins a new week of drama on Monday at 15246.