Study of Feb 2016 correction to build strategy for future corrections
Comment:
RSI14 1H also gave a sell signal on 22 Feb and reached 31 on 24 Feb 9:30 dip.
SPX has a similar RSI 14 1H sell signal today in addition to yesterday's RSI5 > 95 signal. SPX should sell off next to 5 DMA ~2700 -> BUY OPPORTUNITY
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SPX has a similar RSI 14 1H sell signal today in addition to yesterday's RSI5 > 95 signal. SPX should sell off next to 5 DMA ~2700 -> BUY OPPORTUNITY