A personal observation: $ERA 's daily RSI has reached 76.5 (overbought).
I used to see an overbought reading and couldn't resist trying to call the top. It took a few painful lessons for me to realize that in a strong market, an asset can stay overbought for a long time. Now I treat RSI as a reminder, not a trigger.
How do you interpret this?
NFA. Do your own research.
I used to see an overbought reading and couldn't resist trying to call the top. It took a few painful lessons for me to realize that in a strong market, an asset can stay overbought for a long time. Now I treat RSI as a reminder, not a trigger.
How do you interpret this?
NFA. Do your own research.