Early Stages of Reversal Could Signal Bigger Move

Biggest week of the year for the stock market last week, could be only the beginning, if the bullish reversal shown below can stay in place.

One thing is certain, the sell-off back in May, had nowhere near the panic and selling power that we saw in any of the months from last year during Q4, and so I do think that, as long as headline risk doesn’t sabotage anything, the market should be able to recover from the recent sell-off and even make anew run back to all-time highs, especially considering it has all-the moving averages now beneath it now too. 

Here’s the SharePlanner Reversal Indicator:

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