The Bears have held strong ever since Monday’s huge gap up. 

They have essentially pillaged investors of all their gains from November, and all of 2018, and we are only seven days in. 

The SharePlanner Reversal Indicator doesn’t look any better either. We haven’t even received a bearish reversal yet, which I would expect much more selling in the days and weeks ahead, if we get that confirmation next week. To avoid it, it will take one heck of a buying spree to keep the reversal indicator from changing course, as it is likely to do. 

Right now is not the time to be a hero. Sure everyone says, “buy when everyone is selling” but I prefer to wait for them to stop selling first. Let them exhaust themselves, the money being made in this market is by fading huge moves, and getting in at peak emotion both the downside and upside. 

Oh, and always be ready to bail on your positions at any time the market isn’t playing nice. Best way to do that is by constantly raising stop-losses. You’ll thank me for it.