SPY RSI(14) on the monthly chart is 1 point away from a new record level. The old record happened way back in time; 1996.
- The bullish momentum is strong
- But last time when SPY was at this high RSI -levels, a -10% pullback was around the corner
- The bullish momentum is strong
- But last time when SPY was at this high RSI -levels, a -10% pullback was around the corner
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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.