The SharePlanner Reversal Indicator rarely behaves this way, but following the Brexit vote, this indicator has been all over the map. It seems at this point the indicator needs to ground itself, and the best way to do that is to distance itself from the Brexit shenanigans, and the only way to distance itself is through time.
The last three weekly periods have been a mess for the indicator, and I’m not using it at this point for any cues about future price direction.
But if you must look, then you must look.
