BEARISH!!!
The S&P has just reached high territory on the RSI. As seen in my graphic, the last time it hit these levels on the RSI it retraced at least 8% for multiple days. TAKE PROFITS/SHORT IMO. I'm shorting this stuff hard!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.