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Reversal Indicator at Bullish Extremes - Could Reverse Soon

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September 29, 2017 – Comments (0) | RELATED TICKERS: SPY , QQQ , DIA

It can stay there for 1-4 weeks, before ultimately setting up the bearish sell-signal for the downside. 

The average is about 2-3 weeks, but right now I would consider the market inside of the window of opportunity for the bears. 

Now I am being selective with the word "opportunity", because the bears over the last few years, absolutely hates to take advantage of opportunity. So there is a good chance that the bearish sell signal that has yet to happen, will ultimately result in sideways trading action that results in very little for the bears. 

Here's the reversal indicator

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