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

SharePlanner Reversal Indicator 2-12-13

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