The S&P 500 is close to bottoming for 2018

The S&P will bottom at 2750-2759 for 2018

  • Yes you are a moron but right

    Votes: 4 17.4%
  • No you are a moron but wrong

    Votes: 6 26.1%
  • Hell if I know I'm just here for the drama

    Votes: 13 56.5%

  • Total voters
    23
RSI as an indicator of weakness?
Yes it can work this way when one compares how RSI moves in comparison to a bunch of other commodities, but as a standalone on just one commodity, no.

RSI is not RS(Relative Strength) or RP (Relative Performance)
when i say Weakness i m speaking of the peaks and bottoms, in other words comparing the prices with the underlaying index (RSI), and detecting any form of divergence/covergence in the OS/OB areas, the longer term charts the more indicative the signal yet it is not a trade signal or a trend reversal (not possible since it is leading anyways)
 
Bottom is in today in ES



Unpossible. Polenta's bottom was just violated. How is it possible that he's lost 17 points since his call!?

Clean-up on aisle 7.

2018-10-18_1029.png
 
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