Question: As a technical analyst, you are assessing technical indicators in order to predict the market s direction. You decide to use the S&P 5 0

As a technical analyst, you are assessing technical indicators in order to predict the markets direction. You decide to use the S&P 500 as a proxy for this. There are 503 stocks in the S&P 500. You find that, on the day of your analysis, 252 stocks advanced in price while 251 declined. What are the implications for the market going forward?
a.
A bull market is likely ahead.
b.
Market implications cannot be deduced from the information given.
c.
A stagnant market is likely ahead.
d.
A bear market is likely ahead.

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