Last week I wrote about there being some confusion on the SharePlanner Reversal Indicator.
There were multiple reversals within a short time frame, and direction wasn’t entirely clear. With this week’s breakout to new all-time highs though, that confusion I spoke of, can be put to rest now. The direction issue has resolved itself on SPRI and is pointing to further prince gains going forward.
The chart below speaks for itself and has aligned itself nicely with current price direction with the broader market.