Jeffrey i counter with the chart i posted earlier and ask, when have we ever seen RSI so low with BPNDX that high while other indicators have a good deal of room.
RSI is in divergence and may just pancake along the bottom, i see little for a vigorous rally.
stockcharts.com[g,a]daclnnay[d20010803,20030131][pc5!c8!c13!c20!c50!f][ila12,26,9!lb14!li5,5!lh10,10][j6438750,y]&listNum=1
But more important regards SPX i think is this chart, by this chart i can give a possible for a bounce to 878 based on the blue line above the black line.(brand new comments just added)
stockcharts.com[g,a]daclyyay[pc8!c13!c20!c50!d20,2][vc60][iub14!la12,26,9!lp14,3,3!li5,5!lh10,10!lm12][j6480463,y]&listNum=1 |
