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Divergence in RSI on 60min S&P 500

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Posted Sep 12th, 2009 at 03:47 PM by StockJock-e
While over extended markets can remain over extended, eventually they always do fall.

The S&P may be due for a pull back soon though.

Thelongranger posted this chart yesterday:

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  1. Old Comment
    NoJobRob's Avatar
    In the long term, what do you think of the double top that the S&P has formed? Does that have any significance in your opinion, or am I just full of bearish hogwash? Please explain either way because I'm technically still a rookie.

    Posted Sep 30th, 2009 at 08:04 PM by NoJobRob NoJobRob is online now
  2. Old Comment
    NoJobRob's Avatar
    Or does it not have significance because the pattern is complete and already run its course?
    Posted Sep 30th, 2009 at 08:05 PM by NoJobRob NoJobRob is online now
 

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