Market. The average bull market usually lasts 14 or 15 years. Some thought this bull market began when the lows were hit in 2009. He believes this new bull market didn’t start until 2013 until the old high was taken out, the breakout point. So there could be another 5 years or more left in this bull run. Today we are testing the January highs of this year. Right now, it is just a correction until a major low is taken out. He does not have a bearish case, just a case for pause. He expects to see a summer correction which becomes a buying opportunity.
Technical Analysis indicators. Start with trend, higher highs and higher lows. Once that is established, then start using indicators. To confirm trend, always use 200 day moving average, if you are a midterm trader. Then would use a longer term momentum indicator, telling us the velocity of a stock. Then would use money flow. This tells whether money is flowing in or out of a stock.