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.
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.
Happy Trading folks!
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