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SharePlanner Reversal Indicator Tries To Point North

Published 04/21/2016, 11:23 AM
Updated 07/09/2023, 06:31 AM

SharePlanner Reversal Indicator is trying to point north again.

However, no confirmation has occurred, but it won't take much for it to do so if Friday results in a significant rally or we have another similar rally next week to what the market has become accustomed to of late.

Not factored into the Weekly SPRI chart below is the fact that the market is actually trading lower today (or at least so far today- there is still 55 minutes left to the current trading session).

However, should weakness continue into tomorrow, and we get an actual sell-off (google 'sell-off' if you forgot what that actually means) then the flat line reading that SPRI is currently providing will start pointing lower again.

Here's the Weekly SPRI:

Weekly SPRI Chart

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