One more thing: $JCT 's daily RSI has reached 75.3 (overbought).
When I first got into this space, whenever I saw an overbought reading, I couldn't help trying to call the top. It took a few hard 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 heads-up, not a switch.
How do you usually handle situations like this?
When I first got into this space, whenever I saw an overbought reading, I couldn't help trying to call the top. It took a few hard 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 heads-up, not a switch.
How do you usually handle situations like this?