In any market, weekly RSI needs to hold above RSI 50 to be
in an up trend... also, on the daily, RSI 50 can be tested and
a strong market bounces at RSI 50 on the daily as has been seen
in the indices for a while until this past week.
No surprise to see SPX, NASDAQ and the DOW all stop about RSI 50
on friday on their daily charts.
in an up trend... also, on the daily, RSI 50 can be tested and
a strong market bounces at RSI 50 on the daily as has been seen
in the indices for a while until this past week.
No surprise to see SPX, NASDAQ and the DOW all stop about RSI 50
on friday on their daily charts.