In my 07 March report I highlighted the technical risk with the index having traded at the upper boundary (2.5 to 3x the mean) of it’s 200-month linear regression channel. We have since seen the index retrace toward it’s mean with the price lower by 16.6% from the March peak. The 7-month RSI prints 38 which is considered weak but not yet oversold. While we may see rebounds on a short term basis, the regime remains ‘weak’. Considering the quarterly time frame, it remains in a strong but near overbought regime.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.