Reversal Indicator Shows additional room to run before finally changing course
That reversal signal that we got hasn’t quite come to fruition. We’ve pushed slightly higher and the SPRI is showing that as well, but nonetheless, we are still hitting up against the extremes of the indicator itself. So I do remain suspect of this market and its ability to continue piling on the gains.
However, its prudent to wait for a legitimate reversal signal rather than jumping in front of it. So wait to get in at this point. It’ll come in time, but don’t try to load up on the shorts in anticipation of it.
Here’s the SharePlanner Reversal Indicator
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