SPY RSI(14) on the monthly chart is 1 point away from a new record level. The old record happened way back in time; 1996.
- The bullish momentum is strong
- But last time when SPY was at this high RSI -levels, a -10% pullback was around the corner
- The bullish momentum is strong
- But last time when SPY was at this high RSI -levels, a -10% pullback was around the corner