As the stock market continues its bullish path and keeps setting us up to win, it’s always a good idea to take a step back and see what’s likely to happen next.
Right now just happens to be a perfect time for that, considering how the market is acting at the moment.
Here is what the market should do next…
The stock market is a fickle thing, but it also gives us hints about its future. We just have to be ready for those hints, and be able to understand them.
Most people do neither, and become stuck taking loss after loss on trades because they don’t take what the market is giving them.
But those of us at Wall Street Informer have the tools to see those hints as they happen.
Of course, not every market move is foreseeable, and nobody can predict the future.
However, the market isn’t such a daunting thing when you’re able to use proven indicators and signals to always give you the upper hand when facing the market.
And those indicators are telling us that the market is due for another correction very soon.
That’s because it’s currently hitting its upper trend line, and should bounce right off of it for a correction—likely a healthy one.
Check out the chart for the S&P 500 (SPX) benchmark index from Stockcharts.com:
As you can see, the current price of the SPX is bumping up against the trend line, but hasn’t been able to break through.
And if you look back at how it has yet to jump up over that line in the past, we can see that the most likely scenario is for the SPX to bounce off of that trend line and fall.
Even recent history tells us that it’s very unlikely that it will be able to stay right at the trend line, although it’s not impossible.
This doesn’t mean that the market has to drop like it did a month ago, but you should be prepared for a dip.
The tools to reading these market hints, as well as the tool to protecting yourself from market dips, are included in the Stock Code Breaker course.
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