Key Reversal Indicator – Update

The KRI Indicator is right on the zero mark which is the point at which we say that markets are in equilibrium. When this occurs the prevalent trend is still underway until a significant move one way or the other takes place.

That being the case, we will look for a flush lower to an oversold level to add long position as a contrary trade, cut shorts and hedges. Until then, continue to sell rallies and watch for a change of direction that is sustainable.