| StockFetcher Forums · Stock Picks and Trading · SPY at apex | << 1 ... 3 4 5 6 7 ... 8 >>Post Follow-up |
| Mactheriverrat 3,157 posts msg #153771 - Ignore Mactheriverrat modified |
8/27/2020 10:25:54 PM @shillllihs Good bet! At these historical rsi levels on spy I wouldn't be long of just about any stocks. Futures are up tonight and if it follows through tomorrow another green day its just pushing levels to extreme's. BZQ LABD   |
| shillllihs 6,046 posts msg #153772 - Ignore shillllihs |
8/27/2020 10:44:08 PM I’m still barely long, reduced to 8%. Almost went short but I have to follow my indicators. Uvxy started bending but not Sqqq. |
| Mactheriverrat 3,157 posts msg #153773 - Ignore Mactheriverrat |
8/27/2020 10:52:28 PM sqqq is getting at historical rsi 21 and rsi 14 low levels also . Guess time will tell. |
| nibor100 1,044 posts msg #153781 - Ignore nibor100 |
8/28/2020 12:39:34 PM See below for some SPY RSI(14) history of note: Need to scroll chart way over to see that timeframe. Ed S. |
| shillllihs 6,046 posts msg #153783 - Ignore shillllihs modified |
8/28/2020 1:12:27 PM Mac, I would just follow your indicators and forget about history. Things change. And if gold is going up since Buffet bought in, it can only bring the market higher since they kind of move in lockstep. But it’s due for a collapse and can happen eod. or next week. |
| Mactheriverrat 3,157 posts msg #153784 - Ignore Mactheriverrat |
8/28/2020 2:15:49 PM @shilllihs Yes SPY is due for a pullback but one can not disavow the historical highs of the RSI 14 from past historical highs above 70.00 line on the RSI. IMHO. @ed I never realized the pop up charts went back for 3 years. Guess one learns something new every day. |
| shillllihs 6,046 posts msg #153840 - Ignore shillllihs |
8/31/2020 5:58:47 PM Tomorrow looks like the day but who knows. |
| Mactheriverrat 3,157 posts msg #153843 - Ignore Mactheriverrat |
8/31/2020 9:20:27 PM The Bullish side of the market knows that its time for a pullback from all these record highs which is just past of the normal. A lot of the Inverse ETF's are having upside movement. |
| Mactheriverrat 3,157 posts msg #153871 - Ignore Mactheriverrat |
9/1/2020 11:36:06 PM Well I guess the uptrend can stay strong for awhile. |
| shillllihs 6,046 posts msg #153885 - Ignore shillllihs |
9/2/2020 1:02:35 PM Tqqq bounced from nov to feb. above 70 rsi to 50 for 3 months and barely dropped and kept going. |
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