We haven’t seen a lot of the same messaging out of the SharePlanner Reversal Indicator time frames in the past couple of months. But that has all changed now.
On the daily SPRI you have it where the indicator is ready for a full fledged reversal and that could mean that profit taking here and there wouldn’t be such a bad thing.
Here’s the Daily SPRI:
On the weekly indicator much is the same. Not quite at the reversal point, but definitely closing in on it with a top due in the next 1-2 weeks.
Here’s the Weekly SPRI:
So what’s the plan of action from here?
Remain bullish, don’t hold on to any one stock too tight and be nimble in your trading while being prepared for future headwinds when they arise.
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