The Daily Gold, Released on 9/21/22

The bear market in the S&P 500 may soon reach a critical inflection point as it tests its 40-month moving average and its first bear market low. Recall that losing the 40-month moving average is a signal of the end of the secular bull market and the start of a new secular bear market. It’s also the signal for a coming new secular bull market in Gold. In this video we analyze the timing of when the stock market could break both its 40-month moving average and the June low. We go through the data of the 6 worst bear markets and show when those broke below both of those marks. The data shows that the next few weeks are ripe for the stock market to break its 40-month moving average. Gold typically bottoms and begins a new secular bull market around the time of the stock market breaking its 40-month moving average, which can also coincide with a Fed policy shift.

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

  gold, investing, Jordan Roy-Byrne, stock crash, stock market