Posted by sbaxman111 on 23rd of Oct 2017 at 02:09 pm
The Dow is trading at one of its most overbought levels in history.
At 87.61, its 14-day RSI is higher than 99.999% of historical readings going
back to 1900.
Yes but thats actually a bullish signal for the short term as
usually when its this overbought it can continue up. Check this
link out on CNBC which explains in more detaii.
DOW RSI-2 LEVEL
Posted by sbaxman111 on 23rd of Oct 2017 at 02:09 pm
The Dow is trading at one of its most overbought levels in history. At 87.61, its 14-day RSI is higher than 99.999% of historical readings going back to 1900.
Yes but thats actually a
Posted by victorh on 23rd of Oct 2017 at 03:35 pm
Yes but thats actually a bullish signal for the short term as usually when its this overbought it can continue up. Check this link out on CNBC which explains in more detaii.
https://www.cnbc.com/2017/10/20/by-one-measure-the-dow-is-the-most-overbought-in-117-years-but-that-may-not-be-a-bad-thing.html