By Chris Vermeulen of TheGoldAndOilGuy.comNEW YORK ( TheStreet) -- Something big is brewing for the stock market -- at least that's what most traders whom I've been talking to think. One potential catalyst for a move upward would be a breakout by the financial stocks, which I discuss below. Most traders don't want to place significant trades until there is a clear direction, however. The broad stock market has been consolidating for almost three months, and it's important to remember that the larger the consolidation, the bigger the move. The biggest and best moves come from failed patterns. This makes one wonder whether the big head-and-shoulders pattern on the S&P 500 that everyone is yelling about portends a significant selloff or is a big fake out. Only time will tell, but whichever way it moves, savvy traders will be able to profit. Below are a few charts pointing out patterns and trends that could provide some opportunity in the coming days or weeks.
Receive my Trading Analysis and ETF Alerts at www.thegoldandoilguy.com -- Written by Chris Vermeulen in Collingwood, Ontario, Canada