Friday, February 22, 2013

RSI Says S&P 500 Due For Correction On Weekly Heikin-Ashi Chart, Meteorite a Signal?

The RSI (Relative Strength Index) on the S&P 500's weekly Heikin-Ashi chart says the market is overbought and due for a correction. Watch the ultimate bull market trend line as well.


Source: StockCharts.com


Will the stock market finally surrender to gravity like the Russian meteorite?



Related:
Dennis Gartman Sees 7% Market Correction, Doug Kass Is Bearish On Stocks (February 21, 2013)
Meteor Streaks Across Canadian Sky, It Could Be a Market Signal.. (November 24, 2008)

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