The bearish reversal signal that the SharePlanner Reversal Indicator flashed earlier this month seemed a bit premature as it has reversed back up and stopping the reversal from ever starting. 

When you get that quick of a reversal following another reversal, it is safe to say that the original reversal never actually reversed (say that five times!). 

So we sit at extremes… the bulls can’t seem to figure out how to really break this market out, but they know how to keep the market from breaking down. Quite a log jam if you ask me. 

Here’s the SPRI:

shareplanner reversal indicator 4-27-16 

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