RSI on the 15 min has broke above 70 on five occasions since late August. Each time has marked a decent S/T top with the following drop averaging -.65%. If the 199.50 target is hit before the close we may get a sixth reading above 70. Likely a good entry for next move lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.