An Overbought RSI Can Stay Overbought

Dow Jones Transportation Average Index (DJ:DJT)

DJ:DJT Dow Jones Transportation Average Index

indicator

As seen, the DJT stayed overbought for a long time, in a "stepping stone" kind of move. On the other hand, if FDX knocks this down enough today, it could be a good sell-signal for other indexes.

ChrisBrecher

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