2-day RSI 100

Copyright reminder: The following research note is intended solely for the use of subscribers. Redistribution in whole or in part is strictly prohibited

OEX 2-day RSI closed at 100 (rounded) on Wednesday. Stocks tend to drop the day after a 100 reading. The S&P has been higher the next day in 10 of 32 cases (31%) since 2000 vs. 53% random odds. But losses are usually small, with only a single 1% down day…

Copyright 2024 Yang Market Research - All Rights Reserved