Experienced technical analyst reveals an indicator that suggests markets should start rising again

Technical analysis is probably not for everyone, which I understand. However, it is a method that can help us analyze not only stocks, but the entire market. One experienced analyst did a technical analysis of just the S&P 500 $^GSPCandcame up with an interesting finding. According to what, then, should the bear market end and the rallies begin again?

That experienced analyst is Josh Arnold of Seeking Alpha, who took on the Vanguard S&P 500 ETF, ticker VOO. This is meant to replicate the aforementioned S&P 500 index, which is considered the benchmark for the entire market. The index is already down 20% from the beginning of the year, so current readings are slowly starting to resemble the lows of July. Investors would certainly welcome an end to the declines. The analyst gave some reasons why yes and why no.

Important pointers

The prevailing trend is down. In the chart below, we can see the trend line, which shows that the market has perfectly hit the trend…