Stocks setting up for further downside.

Phenomenal rally of late, but considering the overzealous nature of the market of late, and irrational behavior of the Robinhood Bro's to keep buying the dip at a relentless pace, the SharePlanner Reversal Indicator is flashing reversal signs that further downside beyond what has been seen this week may be just around the corner. 

The reversal indicator below suggests an imminent pullback is upon us. When we don't get such a pullback despite the signal, we usually see sideways chopping action. We've seen plenty of that going back to April 9th where the market has done nothing but trade sideways for over a month now. 

FAANG Update: $FB $AAPL $AMZN $NFLX $GOOGL

I regularly update the charts for Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOGL). Check out the updates below. 

Get all of my trades that I make real-time by jumping in the Trading Block and start making some profits for yourself! 

Facebook (FB)

Bearish Reversal Setting Up

This has probably been one of the most unexplainable market rallies of our time. Of course when you realize the Fed has added unlimited amounts of funding to the financial market with no care for inflation, and even signaling negative interest rates in the near future, well, I guess, I can see where the market might like such a thing. 

You also have the Robinhood bros that are piling in their stimulus checks and unemployment compensation into the hottest stocks on the market like Tesla (TSLA), Roku (ROKU) and Wayfair (W) hoping to get instantly rich.