RSI At Extreme

Please click here for a chart of  S&P 500 ETF () which represents the benchmark stock market index & 500 ().

Note the following:

  • RSI is a measure of momentum. It is an oscillator that fluctuates between zero and 100.
  • The chart shows that RSI has taken another leg up reaching 96.69.
  • The chart shows that the last time this level was reached was in July.
  • The chart shows that RSI is now higher than three prior peaks since July.