Overbought on the SPY. Cross 70 on RSI = Pullback

When you cross up the 70 on RSI it's signaling overbought and when you cross below 30 it's signaling oversold. These are very reliable indicators on Stock and crypto movement as far as pullbacks and run ups. If you look at June when the rally started on the SPY the RSI crossed below 30 just as the indicators would be telling us the market was oversold and the rally started. I am still a BULL and belive we will have a shortterm pullback and then continue back to new highs on the SPY. I sent know how long it will take hopefully not longer than a month or so but for you to know WHEN to buy hold out until the RSI crosses below 30 signing an oversold territory and then it will be SAFE to buy.
Were almost their guys!!! USE THIS OPPORTUNITY to get your favorite stocks on the low once we are oversold, we are still overbought right now. It is highly likely this scenario will turn out although I could be completely wrong as well of course. Good luck and happy Investing! 😁

Comment:

look how perfectly i called the top