Reversal Indicator Points Towards the Start of the Christmas Rally

This reversal indicator is keeping me very cautious in getting overly short. I honestly would like to get a bit heavier than my one short position that I currently have, but it scares me to do so based on this indicator below. In the past it has proven very useful getting long/short depending on the direction it was giving. 

With us hitting recent lows, coming into one of the more traditionally bullish times for the market, I’ve chosen to dabble lightly on the short side off of last week’s extreme bounce, while continuing to add setups to the long side watch-list of mine. 

Here’s the SharePlanner Reversal Indicator: