Ok, an update to the first idea - where I suggested going LONG in short term, while holding a bearish long term position, and likely adding to it on every top...
RSI is a good "give-away" of overbought conditions. We've had our short term pop multiple times to 1940s area, and have been rejected by lack of demand, and overwhelming supply and falling economic indicators. RSI is again indicating extreme overbought conditions, and it's time to take out the 1800 floor, and likely set a new one. The thesis has changed from "short term long, long term short", to basically "This is the new top, short everything above 1900".
RSI is a good "give-away" of overbought conditions. We've had our short term pop multiple times to 1940s area, and have been rejected by lack of demand, and overwhelming supply and falling economic indicators. RSI is again indicating extreme overbought conditions, and it's time to take out the 1800 floor, and likely set a new one. The thesis has changed from "short term long, long term short", to basically "This is the new top, short everything above 1900".
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.