I’ve been talking about the looming bearish reversal signal likely to come on both the daily and weekly SharePlanner Reversal Indicator for a while now. 

Well, we got 1 out of 2 to confirm. Very rarely do they confirm at the extact same time. 

The daily shows us the short-term reversal to the downsdie

SharePlanner Reversal Indicator Daily 10-2-13

While the weekly indicator is showing the SPRI hitting the top end of the range, and likely to see a reversal in 1-2 weeks max

SharePlanner Reversal Indicator Weekly 10-2-13

So while there are plenty of great setups out there, I have to be careful about how much long exposure I take on in the face of what the SharePlanner Reversal Indicator is telling us. 

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