Wednesday, May 9, 2012

SPX 500, the RSI close below 2% today

I forgot to mention this in the newsletter, but the RSI 2 closed below 2% on the S&P 500 today, this has only occurred 25 times over the past 23 years when the SPX was above its 200 day MA. As the Statistics show, the odds of getting a least a short term oversold bounce are high

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