SharePlanner Reversal Indicator: Bullish Roses
Very rarely do you get a simultaneous confirmation as perfect as what we are currently seeing on the daily and the weekly of the SharePlanner Reversal Indicator.
On the daily, after a long bottoming process we just got the bullish reversal in the past day indicating that now is the time you want to be long on this market.
Here's the Daily SPRI:
On the weekly the confirmation is just the same and just as perfect. If this bullish reversal plays out like I think it will, we should be testing 2000 on the S&P 500 within a few weeks.
Here's the weekly chart:
I am excited about this reading and confident of the signal that it is providing. SPX doesn't have a clear trajectory as there are still some hurdles for it to pass through including the 1950's that it is currently trading in. But as the market moves higher, the squeeze should get tighter on the bears.