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It's all about the 21 area on RSX

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THREE-DAY-TRADER   Friday, 12/09/16 08:59:04 PM
Re: value1008 post# 816
Post # of 850 
It's all about the 21 area on RSX right now, which is current resistance.
It was treading a fine line & tight trading area all day today.
Today marks 8 straight days in a row in red for RUSS. It's due for a bounce soon. Possibly Monday or by Tuesday next week (Dec 12-13) we may get it.


RSX is really quite overbought, and sure it's possible a little upside yet could occur.
But it seems reasonable that it'll pull back toward 20 or even 19 fairly soon.
I realize there is risk yet of a melt-up in the overall market, but I'm starting to question this intense run up in such a quite short period of time as appearing excessively euphoric.

Thanks for your input & kind wishes
:)

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