Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Yes, but PD is not part of the NDX, and its 5 day rsi reached an uncommon 87.4%. Other indices are all above 80%. This warrants at least a minor retreat to alleviate the extremely overbought position. The fact that is happening in an area of major resistance may indicate, that once more, we are trading in a trading range, and we go back down within that range, short term.