Market Analysis

SharePlanner Reversal Indicator is at the extremes on both times frames. On the Daily SPRI you have price now for a second consecutive week sitting at the bullish extremes and that shouldn’t be all that surprising considering the fact that SPX has rallied over 100 points so far this month. I expect that the Daily

Earlier today in the SharePlanner Splash Zone, I mentioned that that the daily chart of SPX was probably the healthiest I’ve seen it at any point this year.  And the same can easily be said about the SharePlanner Reversal Indicator on both time frames.  On the daily, you have the SPRI hitting extremes, but that

SharePlanner Reversal Indicator showing uniform bullishness The daily SPRI is showing an extreme reading, but just because there is an extreme reading doesn’t necessarily mean that a top is in the market, as it often will spend 1-2 weeks in that area.  Here’s the Daily SPRI:

The SharePlanner Reversal Indicator charts are both pointing up but are both on shaky ground.  The Daily SPRI is in the latter parts of its move, and nearing what could be some resistance before reaching the extremes.  Here’s the Daily SPRI:

For immediate release Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace.  Labor market conditions have improved further, with strong job gains and a lower unemployment rate.  On balance, a range of labor market indicators suggests that underutilization of labor resources continues

Another week of mixed signals on the SharePlanner Reversal Indicator. Sometimes these things take time to shake themselves loose. Right now on the Daily SPRI you have an imminent bullish signal that could occur any day now.  Here’s the Daily SPRI:

The SharePlanner Reversal Indicator continues to show us mixed signals here on the two different time frames.  On the Daily SPRI, you have a strong downward move that is currently taking place and in line with the broader market.  Here’s the Daily SPRI:

On the daily chart of the SharePlanner Reversal Indicator, you have what I consider to be an early reversal to the downside. This is being heavily impacted by the recent 5-day sell-off. However, what it hasn’t taken into consideration is today’s monster ramp up which will likely hamper the bearish enthusiasm of the Daily SPRI, if not

SharePlanner Reversal Indicator hasn’t given way to the recent selling over the past three days. In fact it continues to flash some impressive bullishness. Just below you can see where the Daily SPRI nailed the bottom back on 12/17 and still has some room to run overhead before getting overextended.  Here’s the Daily SPRI:

The last two days have no doubt been huge, and it is aligning nearly perfectly with the Daily chart for the SharePlanner Reversal Indicator.  Here is the Daily SPRI: