SPX just made another lower high in RSI
And has two previous lower lows. The vertical lines are the two previous highs. One being the massive blow off top we had in both readings and price back in 2018. The second is just weeks before COVID. So what happens this time around? Well standard price action analysis would have us expecting another lower low in the much used oscillator.
Now, we still need confirmation that this is a lower high with one, but preferably two weekly closes.
Time will tell.
Monthly:
Now, we still need confirmation that this is a lower high with one, but preferably two weekly closes.
Time will tell.
Monthly:
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