Be wary of the market

Following is the S&P500, be wary, the market is looking to correct, this doesn't mean it will NOT go higher this year or soon, it is showing that the market is getting ahead of itself, meaning money may be taken off the table to both preserve and hedge present market gains. What this says is you should be cautious in your investment, be wary of TA's that ONLY focus on trend analysis, we are in the area that the trend may end, and you should start looking for it. This may happen in a 1 to 9month type time frame, but essentially the easy money has been made. What we are looking at now, is that the market will start separating TA analysis that predict (generally just trend analysis, pretty easy to do) and TA people who actually analyze the market.

Note

The other thing to be aware of is that the S&P500 is threatening to move to the next major trading channel, it is presently at the top of channel. Most likely before it moves to the next major trading channel, it will seek support to break through with momentum.

Note

The Nasdaq has already broken through to the next major trading channel and currently seeking support to go higher.

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