Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 686.96

-0.1%

Dec 30 4:00 PM EST

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To: JMTrader who wrote (188561)	7/28/2023 5:18:24 AM
From: GROUND ZERO™	1 Recommendation Recommended By JMTrader Read Replies (2) of 220890

We could still keep on going, but just looking at the historic odds, there seems a reasonable likelihood that we should see some sort of pull back very soon... There's always that question of how deep would it be and for long long a time period, that's always the question, but the odds seem high right now that a pull back of some sort seems likely... Just my impression, but I think the comparison between RSI and price action is generally ignored or too quickly overlooked... I find that relationship between the RSI and price action to be very telling and a superior indicator to most anything else of future near term market action... GZ

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