The signal based upon the small cap/large cap ratio – S&P 600/S&P 500 – did not turn fully bearish until 27 January on the daily chart, but remains unflinchingly bearish today.
Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.