The last time RSI was this high on a weekly SPY Chart

Long

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

Trend Analysis SPDR S&P 500 ETF (SPY) Relative Strength Index (RSI)

trendanalysis spy relativestrengthindex

I'll post below, what happened in 1994. From here, I DO THINK, we rest in 2018 (some) but 2019- 2021 could be and likely will be some VERY strong bullish years. And then after everyone stops talking about 'the crash' and everyone feels good and everyone hops on, then we have "the" pull back." My guess.
;-)

Comment:

snapshot

Zoom into the prior green arrow

Thanks for helping us Enrich Lives!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.