It's official. We are entering the Biden administration's "trade talks are going very well with China" phase of market psychology where asset prices respond to every headline in the Russia-Ukraine conflict. Since it's virtually impossible to predict what's ahead on the geopolitical front, traders can only focus on technical internals and how stock prices respond to news.
Virtually every chartist can see the developing head and shoulders pattern in the S&P 500, but that's not the entire story and investors should look for signs of confirmation from other indicators.
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