Last week I said we should see a bullish reversal in this market very soon.
This week, the SharePlanner Reversal Indicator gave us exactly that.
Now, earnings season hasn’t been what I would cal ‘Great!’ for the markets, so far, but only 16% of the S&P 500 has reported and it has been mostly banks so far.
Even still, the bullish reversal is always something to keep a close eye on, because over the years, it has been a very reliable indicator for the bulls, regardless of where it takes place at.
Check it out below. Could bode well for the markets heading into the busiest two-week stretch of earnings season.
