Using RSI, don't see this high holding either, just too weak a move. SPX500 correlates.
Comments
timwest
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Great chart. Which one leads?
claydoctor
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Neither, they are both servant to the moon. The moon's gravity trumps everything (at least it charts that way) Full moon draw market down to it, waning moon pulls market up to it. Past couple years it is very reliable. Or don't fight the moon's gravity, go with it? Or , it may not completely draw it to it, but the force is evident to keep it from falling or rising. I know, its weird, but if the charts don't lie, this indicator has credibility. I've learned not to laugh or jest, but to factor it in.