Right now, $IN ’s daily RSI is 78.8, putting it in overbought territory.
Overbought doesn’t mean an immediate pullback—when the trend is strong, it can stay above 70 for quite a while.
I treat it as an alarm bell; before making a move, I still look at the price level.
I get it wrong plenty, too, so don’t take this as advice.
Overbought doesn’t mean an immediate pullback—when the trend is strong, it can stay above 70 for quite a while.
I treat it as an alarm bell; before making a move, I still look at the price level.
I get it wrong plenty, too, so don’t take this as advice.