Check out the exact overbought level + SPY is oversold
This has reached a high Overbought signal exactly the same level it was at previously at the start of the reversal.
Also look at the SPY S&P 500 has crossed below 30 on the daily RSI which means officially oversold.
When the market reversal happens all the same fud is still going on just before theirs no warning. This does not mean it's the end but a small rally up should be expected soon. It could also continue on more oversold or Overbought even further although comparing to past instances it is unlikely to go that far. So this is definitely something to keep a close eye on now it is that time to pay attention to the RSI again.
Also look at the SPY S&P 500 has crossed below 30 on the daily RSI which means officially oversold.
When the market reversal happens all the same fud is still going on just before theirs no warning. This does not mean it's the end but a small rally up should be expected soon. It could also continue on more oversold or Overbought even further although comparing to past instances it is unlikely to go that far. So this is definitely something to keep a close eye on now it is that time to pay attention to the RSI again.
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