The stock market is on the verge of signaling that the bear market is finally over

• The S&P 500 is on the verge of signaling that the bear market decline that started last year is finally over.
• As long as the S&P 500 ends February above the 3,947 level, the bullish signal will have flashed.
• The signal tracks the 10-month moving average, and since 1960 it has had a perfect record in ending a bear market.

The S&P 500 is about to signal that the bear market decline in stocks that began last year is finally over, according to an obscure technical signal.

That signal is the S&P 500 notching two consecutive monthly closes above its 10-month moving average after a 20% market decline.