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As a technical analyst, you are assessing technical indicators in order to predict the market s direction. You decide to use the S&P 5 0
As a technical analyst, you are assessing technical indicators in order to predict the markets direction. You decide to use the S&P as a proxy for this. There are stocks in the S&P You find that, on the day of your analysis, stocks advanced in price while declined. What are the implications for the market going forward?
a
A bull market is likely ahead.
b
Market implications cannot be deduced from the information given.
c
A stagnant market is likely ahead.
d
A bear market is likely ahead.
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