Nasty market these days wouldn’t you say?  

Well that might all be coming to an end here as we are on the verge of getting a bullish reading in the next week or so on both the daily and weekly SPRI. 

The daily has been flat-lined for quite some time now, which indicates this is the point in the very short-term that says risk is at its highest and reward at its lowest. 

SharePlanner Reversal Indicator Daily 8-28-13

On the weekly, we aren’t quite there yet, but in the next week or so we will be and the indicator will be flashing a bullish reversal opportunity for the markets that should last at least 3-4 weeks. 

SharePlanner Reversal Indicator Weekly 8-28-13

Happy Trading folks!

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