SharePlanner Reversal Indicator is wanting to reverse for the betterment of bulls.

It is the rally that won’t quit, but don’t mistake that for believing that it is somehow “different this time” – because it is not. 

But while it lasts, keep playing the trend that the market gives you. Right now that is up, up, up. 

The sell-offs last a day at best. Hedge if you must, but don’t get heavily short until the market dictates those conditions to you. And right now it is not the time for that. 

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The long-term trend-line on the weekly chart is impeccable. Beautiful and sustaining. If it breaks, that will be your clue to chill on the long positions. As long as that long-term trend pattern holds, so does the bullish case for this market. 

Today’s rally, and recent bullishness looks to curb the bearish signal that started last month and now looks for an early reversal back to the upside. 

Here’s the SharePlanner Reversal Indicator:

bullish reversal signal

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