On the verge of mixed signals of the SharePlanner Reversal Indicators and the best advice I can give is to wait for some price confirmation one way or the other.
On the Daily SPRI you have the indicator racing towards extremes where an eventual bearish reversal occurs.
Here’s the Daily SPRI:
However on the weekly SPRI, you have the complete opposite and signs that a bullish reversal is right under way.
Here’s the Weekly SPRI:
I think the main focus on this market should be the price range that we are trading in, and until we break 1883 to the upside or 1840 to the downside, I don’t see any significant reason to get heavily bullish or bearish on this market.
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