The bulls should continue to push this market higher, despite the selling seen today. 

Sure the market is overheated and overbought, but it can stay that way for quite some time, before rationale minds start to take profits. 

The SharePlanner Reversal Indicator, has been great on the bullish side of things for years now. When a bullish reversal triggers, it usually leads to a significant increase in price across all the indices. So when I highlighted two weeks ago, that we were prime for a push higher, I was feeling quite optimistic about our chances for a rally, and that is exactly what we got. 

Right now, the reversal on the indicator has reached the median point, and likely there is more upside to be had in the coming weeks as a result. 

Here’s the SPRI: