Big run today out of the market, but according to the SharePlanner Reversal Indicator, there is more opportunity still to the upside. 

Yesterday’s perpetual sell-off, had me a bit concerned, enough where I added one short position to the portfolio, but immediately closed it out this morning at the open, once it looked like the market would rally.

Today we are also showing solid breadth to the upside for the first time in a while, so that further legitimizes this market rally and for there to be more in the future. 

On the SharePlanner Indicator, we have a move that only appears to be about half way over before we might see some consolidation or profit taking. If that is the case, we should see SPX push through 2700 at some point soon. 

Check it out for yourself, and let me know what you think.