Nasdaq 100

24 Jan 2020 ‚óŹ 07:20 AM

The NASDAQ has had a one sided rally that has pushed its RSI to 78 again. The entire move has occurred within elevated reading which puts it at near-term risk of an unexpected knee-jerk reaction at some point of time. A near double top in the RSI is reason to be fearful short-term.

nasdaq 240120

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