📈 RSI 14>50 in an Uptrend=strong move
Dips that stay above RSI 50=bullish consolidation=buy
📉 RSI 14<50 in a Downtrend=selling pressure
Rallies that fail to break above RSI 50=dead cat bounce=sell/short
If there were a set-up for a correction, this would be one of them.
If there were a set-up for a correction, this would be one of them.
Pretty clear signal but on it goes.
Pretty clear signal but on it goes.
It’s not a sign of relief, but a sign of concern from a struggling economy.
It’s not a sign of relief, but a sign of concern from a struggling economy.
Two more! Wow!
Two more! Wow!