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samitrading

SPX is officially entering "Trough' lands according to RSI !

S&P 500 Index (SP:SPX)  
samitrading Updated   
SP:SPX   S&P 500 Index
Trend Analysis Technical Indicators SPX (S&P 500 Index) S&P 500 (SPX500)
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trendanalysis indicator spx spx500
Most of our troughs happened just around 40ish area or so of the RSI on a daily chart. Nothing here is a about certainty
it is all about probabilities.
Comment:
RSI is printing 51 big jump from 44 last Friday 1
Comment:
Printing 42.59 we are pretty much aligned with RSI'S troughs since Feb of 2021 just shy of that to be exact. We might get another dip here as well time will tell.
Comment:
RSI is printing 39 into "Trough" lands !
Comment:
Trough land it is !
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***


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