The S&P 500 is now trading with a DAILY RSI of ~81, by far the most overbought level in years.
The last time the daily RSI was at 81+?
On September 2nd, 2020 the day before the S&P 500 fell 11% in 3 weeks.
https://x.com/KobeissiLetter/status/1736843235920617920?s=20
BBUS, page-14133
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Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |