InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,187.70
(
0.13%
)
US TECH 100
17,607.60
(
-0.03%
)
Dow Jones
38,884.26
(
0.08%
)
Brent Oil
82.32
(
-0.66%
)
Bitcoin
62,475.05
(
0.23%
)
Post# of 7992
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

ottoman

Send PM Follow Ignore
Followers 59
Posts 17802
Boards Moderated 1
Alias Born 03/17/2004

ottoman

Re: None

Tuesday, 01/16/2018 10:03:44 AM

Tuesday, January 16, 2018 10:03:44 AM

Post# of 7992
SPY RSI(14) 86.13. Not that I know anything about technical analysis.

the strong start to the year has pushed equity momentum to an extreme. The 14-period RSI for SPY ended Friday at 84, the highest in more than 20 years. The index has closed lower within the next 5 days every time except one, which closed lower 19 days later. Risk/reward over the next month was poor, i.e., gains were small and drawdowns large. However, 3 months later, the index closed higher in all instances but one (an 88% win-rate; from @Twillo1).

https://fat-pitch.blogspot.com/2018/01/weekly-market-summary.html

============================================================


Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up