I wasn’t planning on doing another post today, as this is my week to relax and sail into the new year. But the SharePlanner Reversal Indicator calls out to me and therefore I must abide accordingly.

Essentially this week, we finally have the long awaited bullish reversal. I’m actually somewhat surprised that it came this week, but low and behold it has made its presence known. 

This should provide some bullish fervor heading into 2016, and those holding long positions should rejoice (unless of course the market ignores all of this and just does its own thing). But right now looks to be the time to be long on this market as we could see a very strong start to 2016. Not to mention the S&P 500 has improved noticeably over the last two weeks. 

Here’s the SharePlanner Reversal indicator:

shareplanner reversal indicator 12-30-15

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