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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
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Yes but thats actually a
DOW RSI-2 LEVEL
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