Chasing longs with RSI at overbought levels, especially when it has been overbought for some time, has been a poor strategy. The last 2 times NDX RSI was at similar levels the index had a >5% setback over the coming weeks.
Assistance and Requests: Click here
Tips: tips@zerohedge.com
General: info@zerohedge.com
Legal: legal@zerohedge.com
Advertising: Click here
Abuse/Complaints: abuse@zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our privacy policy and our (non)policy on conflicts / full disclosure.Here's our Cookie Policy.
