LONG TERM
MONTHLY CHART EOM
These are the favored MA signals on the MONTHLY (I use 12sma cyan)
Meb Faber favors the 10sma pink
Bulkowski favors the 12sma cyan
Ned Davis favors the 3/10 cross
Louise Yamada favors the 10/20 sma cross
UBS= break below 32ma (dash black), hard long-term stop
Top panel: SPX hasn’t been this far above the 12sma MONTHLY in 20+ years (this chart is 15 years)
We’ve been overextended all year, as you all know