The Traderszone Network

Published in TZ Latest News 21 November, 2014 by The TZ Newswire Staff

S&P 500 “Most Overbought” Since Feb 2012

The explosive surge in US equity markets off the ‘Bullard’ lows have swung the Relative Strength Index (RSI) from its most oversold in 24 months to the most overbought in 33 months in a record amount of time. The last time the market was this ‘overbought’, the S&P 500 fell almost 11% in the following few weeks…

 

read more