A RSI reading in the GSR above 80 leads to some correction. A reading around or above 90 is a rare event and should entail some shake out.
The TimeCycles also seem in sync with the Price chart and hint at end of April +/- 1 week or 2.
The GSR acts as reliable indicator on speculation and now it is red hot at decade extremes. We should pay attention.
No comments:
Post a Comment