Posted by sbaxman111 on 24th of Jul 2017 at 04:25 pm
The NDX has closed today with an RSI-2 value of 99.94% (I
saw 99.95% just before the close) The NDX is in a 13 day low to
high consecutive day pattern which ties the longest such
consecutive day move for the NDX that I have recorded in my
data.
Back in mid July 2013 the NDX hit 99.99% for two days in a
row within a five day pattern that all remained over 99%. Today is
also the 5th day above 99% for the NDX. In contrast the other major
indexes have a much lower RSI-2 with the Dow down at 9.88%. Back
during that run in 2013 the NDX barely pulled back, and then moved
higher in the short term by another 2.25% or so over the next 3
weeks before finally experiencing a more substantial
pullback
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NDX RSI-2
Posted by sbaxman111 on 24th of Jul 2017 at 04:25 pm
The NDX has closed today with an RSI-2 value of 99.94% (I saw 99.95% just before the close) The NDX is in a 13 day low to high consecutive day pattern which ties the longest such consecutive day move for the NDX that I have recorded in my data.
Back in mid July 2013 the NDX hit 99.99% for two days in a row within a five day pattern that all remained over 99%. Today is also the 5th day above 99% for the NDX. In contrast the other major indexes have a much lower RSI-2 with the Dow down at 9.88%. Back during that run in 2013 the NDX barely pulled back, and then moved higher in the short term by another 2.25% or so over the next 3 weeks before finally experiencing a more substantial pullback