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Possible Upside To Earnings

ByRyan Mallory
Published 10/14/2015, 03:02 PM
US500
-0.01%

The SharePlanner Reversal Indicator is still pointing to the upside.

If the selling persist in the coming days, you may be able to get an early reversal out of SPX. Otherwise, the SPRI is still pointing toward more upside for this market. Once it hits those extremes (and it's close to doing so) it can stay in that extreme area for another 2-3 weeks -- if the rally is strong enough.

For now, I remain hesitant to get short on this market, preferring instead to ride out the selling pressure. Once it subsides, I assume we'll see another solid run higher, and possibly test the 2040's.

Here's the SPRI
NYSE Summation Index (T), S&P 500

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