The SharePlanner Trend Reversal Indicator is flashing all sorts of bearishness
And it is worth noting that there hasn’t been a bearish reversal signal on the indicator since August of last year, which led to a 100-point reversal in the markets over the course a three month period.
Obviously that came to an end when Donald Trump was elected president and the beginning of what has to become known as the Trump rally began.
But now we are flashing similar signals on trend reversal indicator and price is showing a similar tendency as well.
Keep a close eye on price action, book some gains where you have a valid reason to do so, and trade a little bit smaller in the days ahead. It could get a little topsy-turvy. Especially with the crude oil price chart reversing too.
