clester
Market Veteran
- Reaction score
- 37
One of the indicators I use to look for short term tops and bottoms is the RSI. If its over 70 and especially if over 80 a correction soon occurs. We are over 70 on SPX and EMW.
Under 30 and especially under 20 signals a bottom short term.
"Usually" works. check out some charts. There are some more nuances to reading it, but this is how I use it.
So, a correction should be coming. But, we shall see. A new year is always hard to judge for me. I have learned to be patient though. Especially since I am now retired!
Under 30 and especially under 20 signals a bottom short term.
"Usually" works. check out some charts. There are some more nuances to reading it, but this is how I use it.
So, a correction should be coming. But, we shall see. A new year is always hard to judge for me. I have learned to be patient though. Especially since I am now retired!
