Reversal

The bearish reversal in June is no more. The bulls have managed to correct the ship and put together a bullish reversal of their own.   With strong price action over the last three weeks, market behaviors confirms the reading on the SPRI. 

A divergence is popping up on the charts that was the same as the one seen back in late January.  Of course that divergence ultimatley led to the massive -10% correction off of the all-time highs. 

The bulls have had a great run since the May lows were established, rally 170+ points off of those lows. Much of the rally can be attributed to a few strong days that sent the market soaring higher, while much of that time was confined to sideways trading. 

Bullish signal on the reversal indicator confirmed Last time we had a bullish reversal was back in mid-November when the market had been flat-lined for about a month. Once the signal took hold, the market rallied 300 points to the January highs, before the bearish signal finally took hold and gave us one of the

SharePlanner Reversal Indicator, following today’s rally is really going to be in some serious trouble.  Up until today, there was some doubt developing, as the bulls continued to see their early morning profits slip into the red. But today, all is well in the market again, as it is now up 44% since Trump’s election. 

If you haven’t noticed it lately, every time I post my list of short setups, the mood is never that uplifting.  That is because of all the things I do here at SharePlanner, nothing “feels” more like a waste of time, than putting this list together each week. 

Based off of what the SharePlanner Reversal Indicator suggests, price action should be strong into the year-end. 

Big run today out of the market, but according to the SharePlanner Reversal Indicator, there is more opportunity still to the upside.  Yesterday’s perpetual sell-off, had me a bit concerned, enough where I added one short position to the portfolio, but immediately closed it out this morning at the open, once it looked like the

Alright, it might sound humorous in saying this, but the SharePlanner Reversal Indicator just flashed a bullish reversal signal.  But hasn’t the market been in bull mode all year long? 

Bearish signal on the SharePlanner Reversal Indicator How much credibility should I put in this indicator?