Posted by sbaxman111 on 1st of Apr 2016 at 07:40 pm
I looked back at the RUT fund prices that I like to use
starting for what happened the day(s) after April 1st beginning in
2008.
Calendar years 2009, 2010, 2011, 2014, and now 2016 all had
RSI-2 values above 90% for the RUT on the 2nd trading day of April.
All four of these prior years all eventually made money being short
on the day after April 1st.
In fact every calendar had an opportunity to eventually
make money going short on this day. It will be interesting to see
what happens this year with 90+% RSI-2 values in place.
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DAY AFTER APRIL FOOL'S DAY
NDX 60min extremely overbought
Posted by sbaxman111 on 1st of Apr 2016 at 07:40 pm
I looked back at the RUT fund prices that I like to use starting for what happened the day(s) after April 1st beginning in 2008.
Calendar years 2009, 2010, 2011, 2014, and now 2016 all had RSI-2 values above 90% for the RUT on the 2nd trading day of April. All four of these prior years all eventually made money being short on the day after April 1st.
In fact every calendar had an opportunity to eventually make money going short on this day. It will be interesting to see what happens this year with 90+% RSI-2 values in place.