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Stock market patterns suggest bullishness will triumph over bearishness

The stock market is complex. The number of inputs is staggering.

Setting aside the complexity, the simplest thing investors can do to gain valuable insight is to look at patterns. To explore what might be next for stocks, let’s look at a chart.

Chart

Please click here to see an annotated chart of S&P 500 futures ESH8, -0.04% Similar conclusions can be drawn from popular ETFs such as S&P 500 ETF SPY, +0.42% Nasdaq 100 ETF QQQ, +0.59% and small-cap ETF IWM, +0.33% It is more instructive to use a futures chart because futures trade overnight and there is a very important point on the chart that is visible only on the futures chart.

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