• SharePlanner Reversal Indicator Weekly 8-13-13

If you are growing bored with this market, don’t worry you have plenty of company. 

If you are a bear, well you are just royally frustrated and I extend to you my sympathies. It has been one too many missed opportunities to say the least for the bear crowd. 

With that said, the optimal opportunity to drive this market lower was the past two weeks, and now that window seems to be shutting on the bears as you can see from the Daily SharePlanner Reversal Indicator below, the bulls simply couldn’t pounce on the favorable market conditions that they were given. 

Here’s the Daily Chart:

SharePlanner Reversal Indicator Weekly 8-13-13

With that said, the weekly chart still points south for the market, but typically the biggest moves made on the SPRI is right after it receives the bearish confirmation. If you don’t get it by then, you are more than likely not to get any thing more than a sideways drift hereinafter.  

Here is the Weekly SPRI:

SharePlanner Reversal Indicator Daily 8-13-13

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