Posted by breakout on 20th of Dec 2023 at 03:15 pm
From another source.....The daily RSI on the S&P index is
now trading at 82.2, one of the highest prints on record. There
have only been 2 times that the daily RSI on the S&P 500
crossed above 82 since 2018: 1. January 26th, 2018 and the S&P
500 fell 11% in 2 weeks 2. September 2nd, 2020 and the S&P 500
fell 11% in 3 weeks. The S&P 500 has only seen 7 red days since
October 27th. Since then, the index is up a massive 16%, nearly
tripling its YTD gain.
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From another source.....The daily RSI
Posted by breakout on 20th of Dec 2023 at 03:15 pm
From another source.....The daily RSI on the S&P index is now trading at 82.2, one of the highest prints on record. There have only been 2 times that the daily RSI on the S&P 500 crossed above 82 since 2018: 1. January 26th, 2018 and the S&P 500 fell 11% in 2 weeks 2. September 2nd, 2020 and the S&P 500 fell 11% in 3 weeks. The S&P 500 has only seen 7 red days since October 27th. Since then, the index is up a massive 16%, nearly tripling its YTD gain.