Reversal Indicator: Watch The Price Range
Ryan Mallory | Apr 30, 2014 03:28PM ET
The Daily SPRI you have the indicator racing towards extremes where an eventual bearish reversal occurs.
However on the weekly SPRI, you have the complete opposite and signs that a bullish reversal is right under way.
I think the main focus on this market should be the price range that we are trading in, and until we break 1883 to the upside or 1840 to the downside, I don't see any significant reason to get heavily bullish or bearish on this market.
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