SharePlanner Reversal Indicator came through like a charm

Last week I was stating that the SharePlanner Reversal Indicator was more than likely going to make a move to the upside and the SPRI was already forecasting the move.

And that is exactly what it did. The proof was in the pudding when the bears had all the headlines and all the setups, and yet there was never any sustained follow through to the upside. The bulls kepth the market afloat, and every day that went by, the odds were increasing that we’d see a rally that would squeeze the bears out of their positions.

And that has been exactly what has happened.

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So for now, the trend is up. Short exposure should be minimized until the charts start to break support levels that are key or show at least a slight bit of bearishness, which right now it clearly is not doing.

Here is the SharePlanner Reversal Indicator Chart

shareplanner trend reversal indicator 4 26 17

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