It’s Day 3 of 2018, and the market is still pumped about it’s prospects for finishing higher. 

The SharePlanner Reversal Indicator suggests that there is more upside to this market, though it does seem we are closer to a near-term top, than we are a bottom. 

The Indicator hasn’t reversed yet, but it is now at the point, where it’s hovering at the extremes, and that typically means that there is only about one to three weeks left before we see a bearish signal. 

At that point, you either see a legitimate pullback in the market, or consolidation through time. Of late, the market tends to go with the latter option. 

I’m not trying to get ahead of this market by shorting it by any means, instead, I am focusing more on raising my stops on my existing long positions. I suspect for the next couple of days, I will be light on adding new positions and more focused on maintaining my current ones. 

Here’s my Reversal Indicator:

shareplanner reversal indicator 1 4 18

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