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I know that no one can predict the market. But, I believe that one can form an educated opinion about the market’s future directional bias.
Before trading vertical credit spreads, I would like to form an opinion about the short-term (i.e., 30-45 days) directional bias (i.e., bullish, sideways, or bearish) of the S&P 500.
To form the opinion, I can use one or more indicators. To start, I’ll use moving averages. For trend confirmation, I’ll use Ichimoku charts. And, I am looking for a third indicator to further confirm the trend. I looked at Bollinger bands, Keltner channels, regression channels, and parabolic SARs.
Which one would you use? Why?