New Bearish Reversal on the SharePlanner Reversal Indicator
Last time we had one of these was in October, and it doesn’t take a genius to recall how the market it did then, as stormed higher the entire time. But if you got back to the July/August reversal last year, the market actually traded lower during that time.
The previous two times before that, the bulls held their own, and simply kept the market trading sideways during the reversal period.
That could happen again here, or we could actually see some weakness for once. It is hard to say what it will be, except to say, you shoudl be aware of the potential for the market to get a bit more rocky in the coming days and weeks.
Here’s the SharePlanner Reversal Indicator: