Charts stock market

[candlestick1]

Charts for the stock market can be better analyzed when analyzing charts of other trading entities that influence the stock market. The past couple days have shown crude oil charts forming candlesticks sell signals. As we have seen for all past few weeks, the higher crude oil prices have been an influence on the stock markets upward movement.
Conversely, being able to analyze that the crude oil prices are now breaking to the down side confirms the candlestick buy signals so we have seen in the indexes in the past few days.

Any time you can use additional chart analysis for anticipating the movement how they stock market charts, it just puts more probabilities of being correct in your favor. Would you are analyzing stock market charts, sector charts, bonds, commodities, or any trading entity that will influence investor sentiment, you gain the advantage of being in the right positions at the right time.

[dtdtrader]

Would you say that watching the daily VIX candle formations would be a good contrarian indicator to the DOW and NASDAQ charts, like the oil charts in your example?