bullishness flourishes

The SharePlanner Reversal Indicator is facing extreme readings here. 

This is coupled with the T2108 which I will post later this afternoon. 

At this point, it is about how high can this market run under these kinds of pressures. The key here is to recognize that the overbought nature does exist, and lets face it, market action of late hasn’t been so hot for the bulls. So perhaps this is nothing more than an extended dead cat bounce. It is impossible to know at this point – the key though, is to be aware of the conditions governing the market right now, and to use it to confirm future price movements. 

Here’s the SPRI:

shareplanner reversal indicator 3-2-16 weekly 

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