👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

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

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.