INDEX:SPX   S&P 500 Index
152 5 0
Notes RSI which had been reading lower as price moved up, is finally moving higher. I have no idea what this means.
I see a IHS(with a downward sloping neckline), starting from 2008-01-01 through 2010-10-01, support re-tested on 2011-10-03 and continuing higher.
Reply
That's a pretty odd looking IHS. At some point, revenue is going to matter. Growth is going to matter. Maybe not now...but at some point.
Reply
devd12 KLang
agree that it's odd looking IHS http://screencast.com/t/AB8kBdDMiu, not a perfect textbook example. maybe cups and handles http://screencast.com/t/41aJKXxbx ?, but then again, i believe that technical patterns is a study of price patterns and is more subjective, if supported by fundamentals, even better but not essential.. :-) .. just sharing my thoughts, I could be wrong
Reply
I think it means no more divergence. if you draw a trendline (connecting the bottoms), the uptrend is still intact.
Reply
Yes, no longer divergence is clear, but maybe it means we are nearing overbought. It's odd, but I don't often look at monthly rsi because I'm not sure it's a great indicator at that time frame
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out