SPX S&P 500 Daily Chart 150-Day MA Negative Slope Signals Cyclical Bear Market

Keystone has highlighted the 150-day MA slope several times over the last few months as the top for the markets was being sorted out. The red circles show the teases where this critical moving average was about to flatten and roll over to the downside but each time was stick-saved; until now. The blue circle shows a firm negative slope in play now which signals a cyclical bear market ahead. The question is if the bulls can stage a huge rally strong enough to turn the 150-day MA upward again, or not.

Since the 150-day MA is sloping negatively, the S&P 500 has slipped into a cyclical bear market. The bulls must push the 150-day MA higher immediately, otherwise, the bears will gain more and more strength day after day. Since the 150 is sloping downward, the cyclical bear should show its face with lower prices for the weeks and months ahead. The long rally is over. Keep an eye on 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.