One thing I like to look at when I'm running T/A is how are the conglomerate stocks doing? S&P 500 is a good indicator of how the market is doing, due to the nature of the amount of companies. It's currently in a downtrend since the beginning of 2022, which is natural after hitting such a high. What goes up must come down. You can't make money without spending some. <Enter other phrase>
S&P Looks like it's doing a dead cat bounce. I expect that it will continue to want to test the trend line it's currently on to try and hit the 4000 ceiling by late February early March, but continue dying afterwards until it can test the floor that was set post-Covid at 3500.
S&P Looks like it's doing a dead cat bounce. I expect that it will continue to want to test the trend line it's currently on to try and hit the 4000 ceiling by late February early March, but continue dying afterwards until it can test the floor that was set post-Covid at 3500.