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adammska

RSI on a weekly DOW chart is at record high!

Short
Dow Jones Industrial Average Index (FX:US30)  
adammska  
FX:US30   Dow Jones Industrial Average Index
Technical Indicators DOW dowjones US30
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indicator dow dowjones us30
Not a short recomendation per se, just an observation, how ridiculous and broken this market is. At 87,26 14-week RSI has never been this high.

We used to get these things called "pullbacks" back in the day. Now, we don't get them anymore.
Can this market grind even higher? It sure can, but I imagine the end result will be 1987-style crash.
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