The New CS Board

[ahimsak]

The RSI on spx is at high levels seen before serious corrections in the past 3 years. However, it also means todays high will be surpassed later this year, before a bear begins.

We are now overextended big time for 2 days in a row, which is a sell signal.

I shorted the qqq, now am almost fully margin short, but will take off the margined part on first big down day.

I still see spx 1600, then another run to 1650 before a signicicant correction.