I’ve lovin’ the look of the SharePlanner Reversal Indicator and how well it is lining up with what we are seeing on the charts right now. 

On the Daily SPRI the chart is at extremes but that shouldn’t be too much of a problem, as it tends to stay there for weeks at a time during bullish markets. 

Here’s the Daily SPRI:

shareplanner reversal indicator daily 4-16-15

On the Weekly SPRI you have a far better look to the chart for the bulls that shows the bullish rally in the markets being still in the early stages. It’ll take another couple of weeks before it hits the extremes and even then it is going to take 2-3 three weeks before flashing a bearish signal.

Here’s the Weekly SPRI: 

shareplanner reversal indicator weekly 4-16-15

Overall, you need to be staying long and  bullish in this market. There really isn’t any reason to get short yet, and overall the earnings have been fairly solid despite concerns going into earnings to the contrary. 

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