• shareplanner reversal indicator 10-28-15

I was surprised to see the SharePlanner Reversal Indicator starting to show signs of possible bearishness. 

As you can see from the chart below, there is some hints of a possible reversal in the making. So much so, that I would guess that if we don’t see a strong rally by the end of the week, that next week’s reading will, in fact, give us that bearish reversal on the SPRI. 

So, at this point, I don’t think there is any need to panic. I’m still 30% long and 10% short in the market and will consider adding more long exposure depending on what we get out of the FOMC statement today. 

But for now, keep an eye on this weekly post of mine. If we get the bearish reversal next week, it could be reason to start curbing the long exposure finally. 

Here is the SPRI:

shareplanner reversal indicator 10-28-15 

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