S&P500 shows it is approaching all time highs, of $3386. This should be met with sketpicism if anything, and we can see how the market feels about it when looking at the Daily RSI. We have a very long term trend of a Bearish Divergence in play, and a short term one developing. The market could meet a double top, if met with too much resisitance, will fuel a...
AAPL stock has been on the rise since early 2000's, a long unbroken channel. What history tells us about the stocks Relative Strength index, is that when it goes to very oversold (RSI > 80), and the stock rises drastically afterwards - and this time the RSI breaks out of the 70s and touches 80, demonstrating a Bearish Divergence - that the stock has reached its...