$RSR ｜Daily RSI (14) 76｜Overbought
Before discussing money flows, let’s first understand RSI.
Put simply, RSI measures how much of the total price movement over a given period came from gains: the more and bigger the gains, the closer RSI gets to 100.
During a one-way rally, RSI can stay above 70 for a long time; during a one-way decline, it can likewise remain below 30 for an extended period. Overbought or oversold conditions don’t mean a reversal is imminent.
The same reading can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
Just one person’s opinion—take it for what it’s worth. This is not advice.
Before discussing money flows, let’s first understand RSI.
Put simply, RSI measures how much of the total price movement over a given period came from gains: the more and bigger the gains, the closer RSI gets to 100.
During a one-way rally, RSI can stay above 70 for a long time; during a one-way decline, it can likewise remain below 30 for an extended period. Overbought or oversold conditions don’t mean a reversal is imminent.
The same reading can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
Just one person’s opinion—take it for what it’s worth. This is not advice.