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christian.langfors

SPY - RSI CLOSE TO NEW RECORD LEVEL

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
christian.langfors  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
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trendanalysis
SPY RSI(14) on the monthly chart is 1 point away from a new record level. The old record happened way back in time; 1996.

- The bullish momentum is strong
- But last time when SPY was at this high RSI -levels, a -10% pullback was around the corner

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