Looking For a Selloff That'll Never Come About
Bearish reversal was triggered on the SharePlanner Trend Reversal indicator a few weeks ago, but instead of a selloff, which most of us would come to expect, we are instead seeing nothing more than sideways to slightly downward price action.
That doesn't make for a flaw in the indicator, instead it has been quite common in this eight year bull market rally to see bearish reversals result in sideways and consolidation type price action rather than a hard selloff. That doesen't mean they don't happen, but it is a bull market that we are dealing with here, and most of the time, we are likely to see more consolidation than an outright correction.
So checkout my trend reversal indicator below and see for yourself what the market is telling you. Selloff or nah? (trying my best to sound like a hipster)