More than 75% of all stocks follow the market. If you get this puzzle piece right your chances of success increase dramatically. If you get it wrong, your chances of failure are great. Getting the market right is by far the most critical element in your trading success.
Your long-term and short-term market analysis will result in a directional bias and a confidence level. That outcome drives ALL of your trading decisions. We primarily use technical analysis to form our longer-term and shorter-term market opinion.