The best indicator on the web, or so I like to call it. 

But it’s also the only indicator that I care to concern myself with. I personally hate indicators and oscillators – but not this one….

The Daily SharePlanner Reversal Indicator shows that a pullback is a strong possibility any day now and quite possibly before we break 1700. 
SharePlanner Reversal Indicator Daily 7-24-13

The Weekly, and by far the more reliable of the two suggests that there still may be 1-2 weeks left before we get a more legit sell-off. 

SharePlanner Reversal Indicator Weekly 7-24-13

My Verdict: I think it is more likely we chop around some until the reversal in the daily SPRI wears off some, and then push higher one final time before eventually getting a significant sell-signal in the weekly SPRI. 

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