Traditional technical analysis focuses on a single chart in a vacuum. Intermarket analysis argues that no market moves alone. By understanding how capital flows between sectors (e.g., when bond prices fall, yields rise, which often pressures gold and stocks), a trader can get a "macro" confirmation of a "micro" technical signal. The Four Pillars of Intermarket Relationships
Traders use intermarket data to find which sectors perform best in specific economic cycles. For example, if Oil (Commodity) is breaking out, a trader might look for long entries in Energy stocks rather than the broader S&P 500. Intermarket Technical Analysis: Trading Strateg...
Since most commodities are priced in USD, they share an inverse relationship . When the dollar strengthens, commodities like Gold and Oil typically face downward pressure. Traditional technical analysis focuses on a single chart