The market has officially tested the 200-day moving average and so far it is holding.
It is the first time it has been tested since June of 2016 and when it did, an amazing bounce, immediately thereafter, unfolded.
If today’s rally off the 200-day can hold, then it sets up next week for a big rally.
As for the SharePlanner Reversal Indicator, you will start to see this indicator hit extremes next week, and likely mean the worst is behind the market (for now). If the bounce next week is hard enough, it could trigger a bullish reversal as well.
Here’s the SharePlanner Reversal Indicator
