Reversal Indicator Points South
When the weakness will come, no one really knows, the key is to be ready when it does come. We have a number of key indicators, the most important of which is the SharePlanner Reversal Indicator which shows that the coming weakness I speak of should occur within the next couple of weeks.
Resist the urge to trade solely off of this indicator though. Instead jump on the short side when price action confirms it. At this point, I think 1495 on the SPX is a good target for when that decision can be made.
Here’s the SharePlanner Reversal Indicator
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In today's episode, I explain whether it is a good idea or not to rapidly increase the size of your portfolio if you come across a sum of cash. A lot of traders will do this without ever recognizing the emotional toll it can have on you as a swing trader and the awful mistakes you can make in doing so.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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