S&P500 More Overbought Than 2008, On Par With DotCom

by stockboardasset
Glancing at the chart book this morning, I stumbled across a monthly S&P500 RSI (14) registering at obscene levels of 84.093. This level has surpassed 2008 and has certainly neared an extreme of the DotCom bubble. All the while, prices are considered “justified.”

 

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