I am going to stop trading for awhile, as have been so bad the past couple months. BTW, I have only lost 3% of my money being long gld and sds. So not the end of the world. Am also going to stop posting my trades, as have been so wrong. Will keep posting interesting stats.
Market getting overbought on many levels. When it keeps going up when overbought, is bullish. However, RSI is making lower lows with each new high on spx, which is bearish.
For past 3 months, every time the market got overbought, it kept going higher. At some point that does not work anymore.
