Despite recent bearishness on practically every time frame of SPX, the SharePlanner Reversal Indicator is show some strong bullishness of late. 

On the daily you already have a confirmation to the upside: 

Here’s the Daily SPRI:

shareplanner reversal indicator daily 4-1-15 

On the weekly, we are not quite there yet to an actual confirmation, but I’m thinking we’ll probably see it next week some time. 

Here’s the Weekly SPRI:

shareplanner reversal indicator weekly 4-1-15

Overall, my distrust in the market is at all-time highs. There’s very little edge on the charts of the indices, but what I am hoping is that the SPRI is forecasting a break of key price levels in the coming days that will clear up all this market uncertainty we have been seeing of late. 

You Might Like

  • South Korea: The Hidden Driver of US Tech Volatility

  • Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • How to Trade Breakouts Without Getting Trapped