A good technical analyst takes into account many different factors that have proved successful over a long period of time. Today, I show why there are two equities that give an indication of where the stock market may be headed next. There are many divergences that exist, therefore the case for both bull and bear markets can be made.
It’s important to recognize that when considering my go to indicators, time always trumps price and pattern setup. In this particular case, I remain committed to my “large” cycle time frame that should rear its head in due time.
Until such time, I will monitor the market movements and look for those all important signals that will piece the rest of the puzzle together. Remember, the market tells us what it’s doing. We don’t force our will on the market based on what we think should be happening.
Regardless of which way the market goes, we are sure to have great swing trade setups as usual.
Take a look at the video posted below to gain an understanding of what I’m thinking right now for the S&P 500 and more.