Loading ...Gold not taking no for an answer. Back at 1350
Miners still not buying it…..but I have a weird feeling they may be racing to catch up soon.
I’m weary about the USD/JPY being so short-term oversold, but hey….
Crude oil traded below 30 on the Weekly RSI from October 2014 until April 2015.
So i suppose anything can happen.
“Crude oil traded below 30 on the Weekly RSI from October 2014 until April 2015.
So i suppose anything can happen.”
I have indices trading in the upper 80s, low 90s (RSI) on the monthlies here.
And VOLs and other short ETFs in the single digits.
USUALLY, embedded RSIs mean you need corrective price movement from OB/OS, and the secular move only ends as they escape that embedded condition (>30 or <70 as case may be)
You’re right, and you’re seeing what’s happening to those overbought indicies with rates flying now 🙂