RSI is not market based but rather technical based. It has nothing to do with what any of the indexes are doing. This is a very easy technical read so far since the run. Day traders could have made far more than those holding long watching just technicals. Even now...this pause in the action was seen from a mile away...even the Gomez kid could have seen it :)
Nonetheless...technicals are amazingly sexy on this. IMO...and thats what I trade on. That and insider buying of course ;)
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