Reached 2008 levels, surpassing already the 2020 spike.
Massive RSI divergence on the monthly chart.
RSI as of writing: monthly at 75, weekly at 73, and daily at 81. Very overbought despite the strong momentum.
Yorum
nearing all time highs, the uptrend has fallen heavily due to a rotation from megacap to mid and small caps. level to watch: 3.27
Yorum
rotation has driven the price to the support line and bounced. We could have 2 scenarios: - megacaps could fall rapidly due to higher volatility in a bearish scenario for both RSP and SPX, throwing the price to 2.08 level - if a rare event should happen (credit events, war, cyber attacks, etc), we could witness a hike to new highs in pursue of big names to protect portfolios
Yorum
after the crash, failing to make higher lows, downtrend is on
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.