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SharePlanner (< 20)

SharePlanner Reversal Indicator

Recs

1

September 04, 2012 – Comments (0) | RELATED TICKERS: SPY , QQQ , IWM

Due to being on vacation over the Labor Day holiday, I wasn't able to post an updated SPRI. However, when reading it today, you can see where we are possibly reversing now to the downside, but you also have to remember that because I am posting this on a Tuesday, it is only showing you the results for 'so-far-this-week' (i.e. this is a weekly indicator and not all of this week's results are posted yet). A strong push higher this week, will wipe out this reversal signal. So consider this reading a preliminary one of sorts, and once this weekend rolls around, I'll post an updated chart for you. 

Here's the updated (preliminary) SPRI

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