The SharePlanner Reversal Indicator is lighting up with green.
After a good solid month of August where price action spent most of its time in the red, the last three days have been uber-bullish for the S&P 500 (SPX) and may even finish in the green to close out the month, which would really be unbelievable considering how dismal of a month it has been for bulls until the last few days.
In fact most of my profits and best trades came from shorting the market this month. Right now, I am long, but that wasn’t the case most of the time.
Below, you’ll find the SharePlanner Reversal Indicator. Right now, it is forecasting a big bounce, and that is exactly what we are getting out of this market right now.
So if you haven’t done so yet, it would make sense to be covering short positions and locking in those gains so that you don’t lose everything you worked hard for.
Here’s the SharePlanner Reversal Indicator:
