The Reversal Indicator could break lower, as a major divergence pops up. 

Notice that RSI divergence at the top of the chart? Not the best look for this market that is struggling to sustain momentum. I still think you still have to remain bullish on this market, but a hedge wouldn’t hurt here, for sure. I may, depending on how we close, opt to do just that. Also, the indicator itself, is flat-lining unusually early, but similar to what we saw back in March, when we had an early bullish reversal too. 

Needless to say the bulls will have to push even higher and crush the all-time highs, to avoid the bearish reversal here. 

Here’s the SharePlanner Reversal Indicator:

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